COPENHAGEN, Denmark-Anritsu Corp. signed an agreement with Axcel, the Danish investment firm that owns NetTest, to acquire NetTest, a global network monitoring systems and field use test products provider. In the deal, Anritsu is set to receive 100 percent of NetTest’s outstanding stock shares.
Terms of the deal were not disclosed.
NetTest, headquartered in Copenhagen, has 480 employees and posted revenues of $94 million. The company’s product line addresses Internet Protocol next-generation networks, and their convergence with UMTS/third-generation mobile and Voice over IP technologies. In addition, NetTest’s field solutions address the broadband access networks. Aside from the company’s strong U.S. and western European presence, NetTest has developed business in Eastern Europe, Russia, the Middle East and South America.
“The acquisition of NetTest will accelerate Anritsu’s vision to be a global market leader in test and measurement,” said Hiromichi Toda, president of Anritsu. “The addition of NetTest will expand Anritsu’s business domain into the high growth markets for network performance monitoring and service assurance.”
The transaction has been approved by both companies’ boards of directors and is expected to close before the end of August.
