Keysight Technologies Acquires ESI Group

Keysight Technologies announced the successful result of its cash tender offer for ESI Group shares and will hold 98.2% of ESI's share capital following settlement. Keysight said it will request a squeeze-out of remaining shares at the same cash price (€155 per share); ESI is a France-based provider of predictive physics modeling and virtual prototyping software with ~1,000 employees and ~€130m in 2022 revenue.