795 - 12 November 2001
SPIRENT PLC
SALE OF SENSING SOLUTIONS BUSINESS COMPLETED
Spirent plc, the international network technology company, has completed the
sale of its Sensing Solutions business to a company formed by GE Industrial
Systems, a division of General Electric Company of the United States, following
satisfaction of all conditions in the sale agreement. Spirent announced the
divestment of its Sensing Solutions business on 10 September 2001.
Nicholas Brookes, Chief Executive of Spirent, reiterated the comment made when
the sale was announced:
'The divestment of our Sensing Solutions business is the next step in our
strategy to focus on communications activities. We believe that the Sensing
Solutions business faces a promising future under its new owners who can
provide strong manufacturing and marketing resources to achieve its potential.'
- ends -
Enquiries:
Nicholas Brookes, Chief Executive Spirent plc +44 (0)1293 767676
Eric Hutchinson, Finance Director
Jon Coles/Rupert Young Brunswick (London) +44 (0)20 7404 5959
Background note:
Spirent plc is an international network technology company providing
state-of-the-art solutions with a focus on high growth, high margin activities.
Our Communications group unites leading edge performance analysis technology
with network operations expertise, enabling customers to accelerate the
development, deployment and assurance of next generation network equipment and
services worldwide. Further information about Spirent plc can be found at
www.spirent.com
Spirent plc is listed on the London Stock Exchange (ticker: SPT) and on the New
York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) with one American
Depositary Receipt representing four ordinary shares.
Spirent and the Spirent logo are trademarks of Spirent plc. All rights
reserved.
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You can identify these statements by their use of words such as 'will',
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and are subject to factors that could cause our actual results to differ
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include: aggressive competition; our ability to develop and commercialise new
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our reliance on third party manufacturers and suppliers; our exposure to
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ability to grow in e-commerce; our ability to attract and retain qualified
personnel; risks of doing business internationally; and risks of downturns in
the industries in which we participate; and other risks described from time to
time in Spirent plc's Securities and Exchange Commission periodic reports and
filings. We undertake no obligation to update our forward-looking statements,
whether as a result of new information, future events or otherwise.
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