VIAVI Expands Market through Strategic Acquisition of Inertial Labs
Acquisition
VIAVI Solutions Inc. (VIAV) announced that it will acquire Inertial Labs located in Leesburg, Virginia with an initial funding of $150 million and up to $175 million in additional conditional funding over the next four years. This move aims to expand VIAVI’s business scope in the aviation, defense, and industrial end markets. This acquisition not only broadens VIAVI’s product line. It also accelerates its layout in high growth application areas such as autonomous air, land, and sea systems.
This transaction may complete in the first quarter of calendar year 2025 and make a positive contribution to earnings per share within one year after completion. According to the agreement, the acquisition will increase VIAVI’s Network and Service Support (NSE) business by approximately $50 million in annual revenue. Meanwhile, the high-performance positioning, orientation, and navigation solutions provided by Inertial Labs complement VIAVI’s existing Precision Time Synchronization (PNT) and other aerospace and defense solutions.
VIAVI President and CEO Oleg Khaykin said, “This acquisition is in line with our strategy to expand our domestic and international aerospace and defense market share. And it also accelerates our progress in the field of autonomous systems in the military and industrial end markets.”
Jamie Marrachini, President and CEO of Inertial Labs, added, “We are glad to leverage our expertise and precision solutions to provide expansion opportunities for VIAVI in rapidly growing markets and applications such as drone based LiDAR and camera systems.”
About VIAVI Solutions
VIAVI Solutions is a leading global provider of network testing, monitoring, and assurance solutions, serving the telecommunications, cloud services, enterprise, emergency responders, military, aerospace, and railway industries. In addition, VIAVI also provides light management technology in the fields of 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government, and aerospace applications. For more information, please visit www.viavisolutions. com.
About Inertial Labs
With over 20 years of industry experience, Inertial Labs focuses on designing, integrating, and manufacturing cutting-edge inertial measurement units (IMUs), GPS assisted inertial navigation systems (INS), and attitude and heading reference systems (AHRS). The company provides high-performance inertial solutions for various applications with highly accurate and temperature calibrated MEMS gyroscopes and accelerometers. Inertial Labs’ products include inertial sensing, reliable position navigation and timing (APNT), GNSS tracking, LiDAR scanning, alternative navigation (ALTNAV), visual navigation, and programmable navigation solutions.