Keysight Technologies said it completed the acquisitions of Spirent, Optical Solutions Group, and PowerArtist, with total capital deployment of $1.7B, of which Spirent was $1.1B net of divestiture proceeds and OSG and PowerArtist were $0.6B.

8-KRegulation FD DisclosureFiled Oct 20, 2025Period of report Oct 20, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Keysight Technologies said it completed the acquisitions of Spirent, Optical Solutions Group, and PowerArtist, with total capital deployment of $1.7B, of which Spirent was $1.1B net of divestiture proceeds and OSG and PowerArtist were $0.6B.
The company said it settled the acquisition consideration with balance sheet cash, and post-transaction cash balance was >$1.5B, gross leverage was <2X, and net leverage was <1X.
Keysight said the acquisitions added $375M of revenue with aggregate gross margin >75%, expanded the overall software mix by 300 basis points, and expanded the served addressable market by $1.25B, per company estimates.
The company said the acquisitions were expected to be immediately accretive to gross margin, operating margin accretive post-integration, and EPS accretive 12 months post-close.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Spirent, OSG, and PowerArtist Acquisitions Completed with $1.7B Capital Deployment

Keysight Technologies said it completed the acquisitions of Spirent, Optical Solutions Group, and PowerArtist, with total capital deployment of $1.7B, of which Spirent was $1.1B net of divestiture proceeds and OSG and PowerArtist were $0.6B.

Source · Based on the filing body and exhibits

Acquisition Consideration Settled and Post-Acquisition Cash and Leverage Levels

The company said it settled the acquisition consideration with balance sheet cash, and post-transaction cash balance was >$1.5B, gross leverage was <2X, and net leverage was <1X.

Source · Based on the filing body and exhibits

Acquisitions Add Revenue, Gross Margin, and Software Mix

Keysight said the acquisitions added $375M of revenue with aggregate gross margin >75%, expanded the overall software mix by 300 basis points, and expanded the served addressable market by $1.25B, per company estimates.

Source · Based on the filing body and exhibits

Post-acquisition margin and EPS contribution timing presented by the company

The company said the acquisitions were expected to be immediately accretive to gross margin, operating margin accretive post-integration, and EPS accretive 12 months post-close.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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