Viavi Acquires Inertial Labs to Expand Market Reach: Stock to Gain?
Viavi Solutions(VIAV) ZACKS·2024-12-17 00:56
Viavi Solutions Inc. (VIAV) recently announced that it has entered into a definitive agreement to acquire Inertial Labs, Inc. for $150 million to extend its footprint in several end markets. The acquisition, subject to certain regulatory approvals and customary closing conditions, is expected to close in the third quarter of fiscal 2025 and has a potential for up to $175 million in contingent payments over the next four years. Based in Leesburg, VA, Inertial Labs is one of the premier developers, manufactur ...