07:03 AM EST, 12/02/2024 (MT Newswires) -- Keysight Technologies Inc ( KEYS ) said Monday that it plans to divest Spirent Communications' high-speed ethernet and network security business lines.

Financial details were not disclosed and comes after both companies agreed on Keysight's ( KEYS ) all-cash acquisition of Spirent.

Keysight ( KEYS ) has started a competitive auction process to complete the sale simultaneously with the acquisition.

The company is engaged with China's State Administration for Market Regulation and filed the acquisition for clearance on Nov. 25.

The company also said that the acquisition has been cleared by France, Germany, and the UK.

Keysight ( KEYS ) expects the acquisition to become effective during the first half of its current fiscal year.