SANTA ROSA and CALABASAS, Calif. April 13, 2017 – Keysight Technologies, Inc. (NYSE: KEYS) and Ixia (Nasdaq: XXIA) today announced that clearance under the antitrust laws of Russia for the previously announced acquisition of Ixia by Keysight has been received, which follows the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, clearance under the antitrust laws of Germany and Israel and approval of the acquisition by Ixia’s shareholders. Subject to satisfaction of the remaining closing conditions, the companies expect the closing of the acquisition to occur on April 18, 2017.
About Keysight Technologies
Keysight Technologies (NYSE: KEYS) helps customers bring breakthrough electronic products and systems to market faster and at a lower cost. Keysight’s solutions go where the electronic signal goes, from design simulation, to prototype validation, to manufacturing test, to optimization in the network. Customers span the worldwide communications ecosystem, internet infrastructure, aerospace & defense, automotive, semiconductor and general electronics end markets. More information is available at www.keysight.com.
Ixia (Nasdaq: XXIA) provides testing, visibility, and security solutions, strengthening applications across physical and virtual networks for enterprises, service providers, and network equipment manufacturers. Ixia offers companies trusted environments in which to develop, deploy, and operate. Customers worldwide rely on Ixia to verify their designs, optimize their performance, and ensure protection of their networks to make their applications stronger. Learn more at www.ixiacom.com.
Forward Looking Statements
This news release contains forward-looking statements as described in the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements regarding future events and the future results of the companies are based on current expectations, estimates, forecasts, and projections about the industries in which Keysight and Ixia operate and the beliefs and assumptions of their respective management. The forward-looking statements contained herein include, but are not limited to, information regarding the ability of Keysight and Ixia to complete the transactions contemplated by the merger agreement, including the satisfaction of the conditions to the transactions set forth in the merger agreement; the plans, strategies and objectives of management for future operations; product development, product extensions, product integration, complementary product offerings and growth opportunities in certain business areas; and customer expectations. These forward-looking statements involve risks and uncertainties that could cause results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to, the risks and uncertainties incidental to the technology industry, including price and product competition; dependence on new product development, technological advances and innovation; changes in customer demand for Keysight’s or Ixia’s products and services caused by demographic changes or other factors; and the possibility that the anticipated synergies and other benefits from the Ixia acquisition will not be realized, or will not be realized within the expected time periods.
In addition, other risks that Keysight faces include those discussed under the heading “Risk Factors” in Keysight’s Annual Report on Form 10-K for its fiscal year ended Oct. 31, 2016, Keysight’s Quarterly Report on Form 10-Q for the period ended Jan. 31, 2017. Other risks that Ixia faces include those discussed under the heading “Risk Factors” in Ixia’s Annual Report on Form 10-K for its fiscal year ended Dec. 31, 2016. Keysight and Ixia undertake no responsibility to publicly update or revise any forward-looking statements for any reason.
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KEYSIGHT EDITORIAL CONTACT:
+1 707 577 2845
KEYSIGHT INVESTOR CONTACT:
+1 707 577 6916
IXIA INVESTOR RELATIONS CONTACT:
The Blueshirt Group
Maria Riley, Investor Relations
+1 415 217 7722