Viavi Solutions Inc. (VIAVI) has signed a definitive agreement to acquire Inertial Labs, Inc. for initial consideration of $150 million at closing and up to $175 million of contingent consideration over four years.
Headquartered in Leesburg, Virginia, Inertial Labs is a leading developer, producer, and supplier of high-performance orientation, positioning, and navigation solutions for aerospace, defense, and industrial applications.
Inertial Labs offers Inertial Measurement Units (IMU), Inertial Navigation Systems (INS), Assured Position Navigation and Timing (APNT), GNSS Tracking, LiDAR Scanning, Alternative Navigation (ALTNAV), and Visual Navigation solutions, which are highly complementary to VIAVI’s existing PNT and other aerospace and defense solutions.
Additionally, Inertial Labs’ solutions include enabling utility inspection through LiDAR and photogrammetry algorithms and smart system navigation for airborne and autonomous ground vehicles to accelerate VIAVI’s entrance into industrial and autonomous delivery and transportation end markets.
For the acquisition itself, VIAVI intends to fund the transaction through cash on hand, with the purchase expected to add approximately $50 million to VIAVI’s Network and Service Enablement (NSE) annual revenue in calendar year 2025. It is also expected to be accretive to EPS within 12 months of closing.
The acquisition has been approved by the Board of Directors of each company. It is expected to close during the first quarter of calendar year 2025, subject to certain regulatory approvals and customary closing conditions.
Jamie Marraccini, President and CEO of Inertial Labs, said, “We are excited that our expertise, precision solutions, and resources provide expansion opportunities for VIAVI in high-growth markets and applications such as drone-based LiDAR and camera systems.”
Oleg Khaykin, President and CEO of VIAVI, commented, “With a highly complementary product portfolio focused on alternate navigation solutions, this transaction supports VIAVI’s strategy to expand our presence in domestic and international aerospace and defense segments and accelerates our entry into autonomous air, land, and sea systems in the military and industrial end markets.”
This announcement comes as Inertial Labs begins its attendance at the Vietnam International Defense Expo 2024 from December 19-22 in Hanoi, at Booth B69. Here, present and future clients can explore the company’s innovative technologies for navigation, positioning, and defense applications.
Meet the Team: Stop by Booth B69 at the Vietnam International Defense Expo 2024 from December 19-22. Whether customers are looking to enhance operational efficiency or discover cutting-edge solutions, the Inertial Labs team is ready to connect and share insights.
