09:51 AM EST, 12/13/2024 (MT Newswires) -- Viavi Solutions ( VIAV ) said Friday it has signed a definitive agreement to buy Inertial Labs for an upfront payment of $150 million at closing, and possibly up to $175 million of contingent consideration over four years.

This purchase, funded by Viavi with cash on hand, is expected to increase its Network and Service Enablement annual revenue for calendar 2025 by about $50 million, and to be accretive to its earnings per share within 12 months after closing, the company said.

Both companies' boards have approved the acquisition, which should be completed in Q1, it added.

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