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Keysight Buys Thales Calibration, Expands Electrical Suite
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In a bid to expand its foothold in the defense and security space, Keysight Technologies Inc. (KEYS - Free Report) announced the acquisition of Melbourne, Australia-based Thales Calibration Services, a subsidiary of Thales Group. The buyout is likely to expand the company’s current electrical portfolio, paving new prospects for Keysight to support the defense sector in Australia.
Thales Calibration is one of the biggest commercial non-electronic metrology lab located in Australia. It provides services to industries which includes defense, commercial, medical, petro-chemical and pharmaceutical. The services help to keep public safe and secure worldwide.
The acquisition will help Keysight to become a renowned calibration and support services organization in Australia. According to Bor-Chun Gooi, general manager for Keysight’s Managed Services Division East, “Now, Keysight is the largest calibration provider in Australia, offering customers a one stop services solution provider.”
The financial details of the acquisition have been kept under wraps.
Growth Drivers
The company's persistent focus on launching new solutions for growth markets like 5G, Internet of Things (IoT), next-generation wireless, high-speed datacenters and automotive & energy bodes well for its top-line.
The company's partnerships with the likes of Verizon Communications Inc (VZ - Free Report) and Qualcomm Technologies, Inc., a subsidiary of Qualcomm (QCOM - Free Report) are aiding it to achieve 5G commercialization related milestones.
Additionally, the acquisitions of Ixia, Anite and AT4 Wireless have enriched the company's 5G solutions portfolio.
Moreover, IoT also presents significant growth opportunity based on the company's broad and diverse portfolio that effectively addresses the needs of customers related to power consumption, RF performance, interoperability and conformance testing.
The growing demand for electric and hybrid cars also bode well for the company's product portfolio, which was enhanced with the acquisition of Scienlab.
Further, increasing electronic content in vehicles, radar technologies for autonomous driving as well as high-power devices and applications are driving demand for the company's solutions in this end market.
We believe that the company's focus on expanding its software portfolio on the back of strong demand for its solutions will fuel growth. This along with key acquisitions in line with company's goals amplifies its growth prospects.
However, competition from Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, and Fortive Corporation (FTV - Free Report) , remains a headwind.
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Keysight Buys Thales Calibration, Expands Electrical Suite
In a bid to expand its foothold in the defense and security space, Keysight Technologies Inc. (KEYS - Free Report) announced the acquisition of Melbourne, Australia-based Thales Calibration Services, a subsidiary of Thales Group. The buyout is likely to expand the company’s current electrical portfolio, paving new prospects for Keysight to support the defense sector in Australia.
Thales Calibration is one of the biggest commercial non-electronic metrology lab located in Australia. It provides services to industries which includes defense, commercial, medical, petro-chemical and pharmaceutical. The services help to keep public safe and secure worldwide.
The acquisition will help Keysight to become a renowned calibration and support services organization in Australia. According to Bor-Chun Gooi, general manager for Keysight’s Managed Services Division East, “Now, Keysight is the largest calibration provider in Australia, offering customers a one stop services solution provider.”
The financial details of the acquisition have been kept under wraps.
Growth Drivers
The company's persistent focus on launching new solutions for growth markets like 5G, Internet of Things (IoT), next-generation wireless, high-speed datacenters and automotive & energy bodes well for its top-line.
The company's partnerships with the likes of Verizon Communications Inc (VZ - Free Report) and Qualcomm Technologies, Inc., a subsidiary of Qualcomm (QCOM - Free Report) are aiding it to achieve 5G commercialization related milestones.
Additionally, the acquisitions of Ixia, Anite and AT4 Wireless have enriched the company's 5G solutions portfolio.
Moreover, IoT also presents significant growth opportunity based on the company's broad and diverse portfolio that effectively addresses the needs of customers related to power consumption, RF performance, interoperability and conformance testing.
The growing demand for electric and hybrid cars also bode well for the company's product portfolio, which was enhanced with the acquisition of Scienlab.
Further, increasing electronic content in vehicles, radar technologies for autonomous driving as well as high-power devices and applications are driving demand for the company's solutions in this end market.
We believe that the company's focus on expanding its software portfolio on the back of strong demand for its solutions will fuel growth. This along with key acquisitions in line with company's goals amplifies its growth prospects.
However, competition from Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, and Fortive Corporation (FTV - Free Report) , remains a headwind.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>