Amid discussion of their company's fourth quarter 2017 earnings August 15, Viavi Solutions (NASDAQ:VIAV) executives casually dropped a bit of news: The company acquired fellow test and measurement house Trilithic Inc. The move expands Viavi's reach into the cable operator space, particularly to meet the needs of contractors and other technicians charged with installing and troubleshooting services. Terms of the deal were not disclosed.
Privately held, Indianapolis-based Trilithic offers a variety of handheld test instruments, including home certification meters, business services meters, maintenance meters, wireless test sets, and in-home leakage meters. The company also active in emergency alert systems. Trilithic also owns a Thailand-based manufacturing subsidiary, Trilithic Asia Company, Ltd.
Viavi Solutions President and CEO Oleg Khaykin told attendees on the earnings call the acquisition forwards Viavi's market consolidation strategy as well as extending its reach into the cable operator market. Khaykin pointed to Trilithic's leakage meters as a product of particular interest. The instruments are described in the following video.
Trilithic's trailing 12 months' revenue was in mid-$20 million range, Khaykin reported. He added that he expects the acquisition to be accretive this fiscal year. The Trilithic line should grow Via'i’s revenue share in Asia, Europe, and Latin America among contractors and installers, Khaykin added.