Fluke Corp. announced today that it has entered into a definitive agreement to purchase Visual Networks, Inc. for U...
December 2, 2005
Fluke Corp. announced today that it has entered into a definitive agreement to purchase Visual Networks, Inc. for US$1.83 per share, reflecting a total purchase price of approximately US$75 million in cash.
The closing of the transaction is subject to Visual Networks shareholder approval, regulatory approvals and other customary conditions. The company will become a part of Fluke Networks business.
Headquartered in Rockville, Md., the company provides network test and application performance management equipment that enable enterprises to reliably and securely manage the delivery and performance of key applications such as Voice over IP (VoIP) across their infrastructures.
Revenues last year totaled US$52 million.