Keysight completed the acquisition of a 50.6% stake in ESI Group in a $995m deal.

Keysight Technologies, an electronic equipment maker, completed the acquisition of a 50.6% stake in ESI Group, a software developer, in a $995m deal. “The operation we are announcing today is the culmination of a well-considered process and several years of transformation. It accurately recognizes the value of the work carried out by the leadership team and reflects the significant role ESI holds in the industrial software ecosystem. I, along with the entire Board, unanimously welcome this operation, and believe that it is in the best interest of the Company, its employees, its clients, its shareholders and all other key stakeholders,” Alex Davern, ESI Group Chairman.