Acquisition

Spirent PLC 13 February 2006 SPIRENT PLC ACQUISITION OF QUADTEX SYSTEMS, INC London, UK - 13 February 2006: Spirent plc (LSE: SPT; NYSE: SPM), a leading communications technology company, today announces that it has acquired QuadTex Systems, Inc ('QuadTex'), a fast growing US based provider of innovative and leading test tools for internet protocol multimedia subsystem ('IMS') and voice over IP ('VoIP') testing. Spirent is paying an initial consideration of US$7.5 million (£4.2 million), payable in cash on completion with up to a further US$1.5 million (£0.9 million) payable depending on certain technical milestones and the retention of key employees. In addition to being an excellent strategic fit with Spirent's existing businesses, QuadTex will enhance and be a key contributor to its solutions for triple play, VoIP and IMS testing. IMS, which is being driven by fixed mobile convergence ('FMC'), requires comprehensive and flexible protocol testing tools. Unlike existing tools, QuadTex provides highly flexible and easy to use protocol test systems allowing users to test the functionality and interoperability of IMS systems. The need for testing new protocols or modified versions of existing protocols for FMC and IMS deployment is a market that Spirent has identified as a key area of focus. The acquisition is in line with Spirent's stated strategy to make selective acquisitions as it focuses on its communications activities following the recently proposed disposal of HellermannTyton. Synergies are expected to be generated through cross-selling, the integration of products to provide compelling solutions, and through the further broadening and deepening of customer relationships. QuadTex, which has grown rapidly since being founded in 2002, is based in Dallas, Texas and employs 14 people. It also has a development office in China. Shipment of its products began in the second half of 2004 and sales in 2005 totalled US$2.0 million with rapid growth expected in 2006. The business was cash positive and also traded profitably in 2005. Customers include Cisco, Ericsson, NTT and AT&T with revenues earned principally in the USA, with a contribution from both Asia and Europe. The founders are expected to continue to manage the business which will be incorporated within Spirent's Performance Analysis division. Anders Gustafsson, Chief Executive, commented: 'Spirent's transformation continues with the acquisition of QuadTex now following the recent acquisition of SwissQual and the announcement of the proposed disposal of HellermannTyton. 'The acquisition is in line with our strategy to expand our communications business, drive profitable growth and deliver shareholder value.' - ends - Enquiries Anders Gustafsson, Chief Executive Spirent plc +44 (0)1293 767676 Eric Hutchinson, Finance Director Reg Hoare Smithfield +44 (0)20 7360 4900 Katie Hunt Photography is available from UPPA (Universal Pictorial Press & Agency) - www.uppa.co.uk or tel: 020 7421 6000 About Spirent Spirent is a leading communications technology company focused on delivering innovative systems and services to meet the needs of customers worldwide. We are a global provider of performance analysis and service assurance solutions that enable the development and deployment of next-generation networking technologies such as broadband services, Internet telephony, 3G wireless and web applications and security testing. The Network Products business is a developer and manufacturer of innovative solutions for fastening, identification, protection and connectivity in electrical and communications networks marketed under the global brand HellermannTyton. The Systems group develops power control systems for specialist electrical vehicles in the mobility and industrial markets. Further information about Spirent plc can be found at www.spirent.com Spirent Ordinary shares are traded on the London Stock Exchange (ticker: SPT) and on the New York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) in the form of American Depositary Shares (ADS), represented by American Depositary Receipts, with one ADS representing four Ordinary shares. Spirent and the Spirent logo are trademarks or registered trademarks of Spirent plc. All other trademarks or registered trademarks mentioned herein are held by their respective companies. All rights reserved. This press release may contain forward-looking statements (as that term is defined in the United States Private Securities Litigation Reform Act of 1995) based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as 'will', 'anticipate', 'estimate', 'expect', 'project', 'intend', 'plan', 'should', 'may', 'assume' and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. Such factors include, but are not limited to: the extent to which customers continue to invest in next-generation technology and deploy advanced IP-based services; our ability to successfully expand our customer base; our ability to continue to benefit from generally improving market conditions; the prevailing market conditions and pace of economic recovery; our ability to improve efficiency, achieve the benefits of our cost reduction goals and adapt to economic changes and other changes in demand or market conditions; our ability to develop and commercialise new products and services, extend our existing capabilities in IP services and expand our product offering internationally; our ability to attract and retain qualified personnel; the effects of competition on our business; fluctuations in exchange rates and heavy exposure to a weak US dollar; changes in the business, financial condition or prospects of one or more of our major customers; risks of doing business internationally; the financial burden of our pension fund deficit; risks relating to the acquisition or sale of businesses and our subsequent ability to integrate businesses; our reliance on proprietary technology; our exposure to liabilities for product defects; our reliance on third party manufacturers and suppliers; and other risks described from time to time in Spirent plc's Securities and Exchange Commission periodic reports and filings. This information is provided by RNS The company news service from the London Stock Exchange
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