Spirent Acquires Zarak Systems

Spirent plc, the international network technology company, announces that it has entered into a conditional agreement to acquire the entire share capital of Zarak Systems Corporation ('Zarak') of Sunnyvale, California for 44.7 million Spirent plc shares. At the Spirent share price of £6.36 at the close of business on 8 September 2000 this equates to a value of £284 million ($403 million). The acquisition is expected to enhance headline EPS, prior to goodwill amortisation, from the outset.

Commenting on the acquisition, Nicholas Brookes, Chief Executive of Spirent plc, said: "Zarak is a fantastic business that has achieved exceptional growth rates. The acquisition marks the next step in Spirent's development of the world's leading suite of performance analysis solutions, now a key enabling component of the Internet and corporate IT infrastructures. As Voice over IP has become a critical issue in the network, Zarak strongly reinforces Spirent's position at the leading edge of this technology."

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