Keysight launches a public tender offer for remaining ESI Group shares

  • Keysight Technologies has announced that the takeover bid filed through its Dutch subsidiary for the shares of ESI Group is open as of today, December 1, 2023, following approval from the Autorité des Marchés Financiers (AMF).
  • Since the beginning of 2023, the American company, a specialist in electronic test instrumentation, has held a controlling stake representing 50.6% of the capital of ESI Group, a French provider of virtual prototyping softwares.

The AMF declared the public tender offer compliant on November 28, 2023, and granted its approval of Keysight’s offer document and ESI Group’s reply document, respectively under numbers 23-492 and 23-493. Documents containing additional information related to the legal, financial, accounting or other aspects of Keysight Technologies Netherlands B.V. and ESI Group have been filed with the AMF on November 28, 2023, and made available to the public on November 29, 2023, in accordance with the provisions of Article 231-28 of the AMF’s General Regulation.

The public tender offer, at a price of 155 euros per share, will be open from December 1, 2023 (inclusive) through January 8, 2024 (inclusive).

Earlier this month, Keysight Technologies Inc., through its fully owned subsidiary Keysight Technologies Netherlands B.V., completed the acquisition of 50.6% of the shares of ESI Group for 155 euros per share.

The American company stresses that the Board of Directors and management of ESI Group fully support Keysight’s offer and consider it to be in the best interests of ESI Group, its employees and shareholders, and recommend that they tender their shares to the offer.