The Gutierrez Company of  Burlington is proposing to build 282 rental units behind Net Scout and Red Hat on Route 110 in Westford. FILE PHOTO

Netscout Agrees To Merger For $2.6 Billion

Last week, Littleton Road’s Netscout was conjoined with the communications division of Danaher in a stock deal valued at approximately $2.6 billion.

(W) NetScout Red HatDanaher, a company based out of the Washington D.C. area, focuses mainly on the manufacture of scientific and technological items.

Danaher is expected to spin off the communications division into its own subsidiary which will then be merged with Netscout, with Danaher stockholders then receiving 60% of the outstanding shares of the new Netscout.

The communications assets in Danaher’s umbrella conglomerated with Netscout include Danaher subsidiaries Tektronix Communications, Fluke Networks and Arbor Networks.

“This combination represents another important step, and major milestone, towards accelerating our ability to compete on a larger and more global scale in the broader IT management and Cyber Intelligence space, to fully implement our NetScout 3.0 strategy, and to maximize our potential in our total addressable market,” said NetScout CEO and President Anil Singhal.

Within the past week, Netscout’s stock has dropped over $10 a share to just over $33.

The new combined company is expected to generate revenue in excess of $1.2 billion on a non-GAAP basis.