NetScout Systems completed its acquisition of Danaher Corporation’s Communications Business. The deal was valued at $2.3 billion and involved the issuance of 62.5 million shares of NetScout common stock at $36.89 per share to Danaher’s shareholders.
The acquisition includes Tektronix Communications, Arbor Networks and parts of the Fluke Networks businesses, all of which were owned by Danaher Corp. The deal was first announced in October 2014.
Danaher’s Communications business generated revenue (unaudited) of approximately $836 million for the year ended December 31, 2013.
Danaher’s Communications business, which has over 2,000 employees worldwide, includes:
Tektronix Communications, based in Plano, Texas, which provides a comprehensive set of assurance, intelligence and test solutions and services support for a range of architectures and applications such as LTE, HSPA, 3G, IMS, mobile broadband, VoIP, video and triple play. Also included are VSS Monitoring and Newfield Wireless.
Arbor Networks, based in Burlington, Massachusetts, which provides solutions that help secure the world’s largest enterprise and service provider networks from DDoS attacks and advanced threats.
Fluke Networks, based in Everett, Washington, which delivers network monitoring solutions that speed the deployment and improve the performance of networks and applications. The data cabling tools business and carrier service provider (CSP) tools business within Fluke Networks are not included this transaction.
“This acquisition represents an important milestone for NetScout that enhances our ability to drive value for customers, stockholders, employees and other stakeholders,” stated Anil Singhal, president and CEO. “With a broader range of market-leading capabilities and technologies, as well as more extensive, global go-to-market and distribution resources, NetScout will be better positioned to capitalize on the many exciting opportunities we see to further expand our customer relationships around the world. We welcome over 2,000 new colleagues to NetScout and collectively, we are looking forward to realizing the Company’s potential in the marketplace.”
NetScout also announced today that it has secured a new five-year, $800 million senior secured revolving credit facility that replaces its previous revolving credit facility of $250 million.
Danaher acquired Tektronix in 2007 for $1.1 billion.
Danaher acquired Arbor Networks in 2010.
