JDS Uniphase Buys Agilent Test Business - TheStreet

JDS Uniphase Buys Agilent Test Business

JDS Uniphase reached a deal to acquire Agilent's Network Solutions communications test business for $165 million in cash.
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MILPITAS, Calif. (

TheStreet

) --

JDS Uniphase

(JDSU)

reached a deal to acquire

Agilent's

(A) - Get Report

Network Solutions communications test business for $165 million in cash.

The transaction is expected to close in June.

The Agilent unit, which includes 4G network verification and deployment products, had fiscal-year revenue of $162 million and 700 employees.

JDS Uniphase said Thursday it expects the acquisition to add to non-GAAP per-share earnings starting in fiscal 2011.

JDS Uniphase said the acquisition "significantly expands" its communications test position, including the emerging market for LTE/4G solutions required by wireless service providers and network equipment manufacturers.

-- Reported by Joseph Woelfel in New York.

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