Viavi Solutions acquired Trilithic Inc. for $55 million in cash, “subject to working capital adjustments,” the company revealed in a 10-K filing.
In a deal that brought more consolidation to the test and measurement market, Viavi Solutions acquired Trilithic August 9, estimating then that Trilithic’s trailing 12-month revenue was in the mid-$20 million range.
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Viavi president and CEO Oleg Khaykin said then that the Trilitic product portfiolio “nicely compliments” Viavi’s and “enhances our ability to gain share outside of North America.
He added that the deal fits in well with Viavi’s strategy to drive the consolation of field instruments used for test and measurement.