British defence communications and aviation specialist Cobham announced the completion of its divestment of two business units on 16 March. The USD455 million transaction sees its AvComm and Wireless test and measurement businesses sold to US-based Viavi Solutions Inc, a supplier of network test and evaluation systems.
First announced on 1 February, Viavi’s acquisition of the businesses is aimed at strengthening the company’s 5G technology portfolio and at diversifying into military, public safety, and avionics test markets.
In a statement announcing the approval of the purchase by the boards of directors of both companies, Viavi President and CEO Oleg Khaykin said “Cobham AvComm and Wireless T&M are recognized leaders with a world-class team that has a long track record of successfully bringing innovative solutions to market.
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