Agilent Technologies

Agilent Technologies, Inc.
Public
Traded as
Industry
  • Biotechnology
  • Electronics
  • Chemical
Founded 1999 (from HP)
Founder Bill Hewlett, David Packard (from HP)
Headquarters Santa Clara, California,
United States
Area served
 Worldwide
Key people
 Mike McMullen [1]
(CEO) & (Director)
Products
  • Bio-analytical equipment
  • Electronic analysis equipment
Revenue
  • Decrease US$ 6,782.0 million (2013) [2]
  • Increase US$ 6,858.0 million (2012) [2]
  • Decrease US$ 951.0 million (2013) [2]
  • Increase US$ 1,119.0 million (2012) [2]
  • Decrease US$ 724.0 million (2013) [2]
  • Increase US$ 1,153.0 million (2012) [2]
Total assets
  • Increase US$ 10,686.0 million (2013) [3]
  • Increase US$ 10,536.0 million (2012) [2]
Total equity
  • Increase US$ 5,289.0 million (2013) [3]
  • Increase US$ 5,185.0 million (2012) [2]
Number of employees
 20,500 (2012)
Divisions
  • Electronic Measurement
  • Chemical Analysis
  • Life Sciences
  • Diagnostics & Genomics
Website Agilent.com
Footnotes / references
[4][5][6]

Agilent Technologies, or Agilent, is an American company that designs and manufactures measurement instruments and equipment for life sciences, medical diagnostics, and chemistry applications.[7]

Agilent's predecessor company was Hewlett-Packard (HP), founded in 1939 to make electronic test equipment. In 1999, HP spun-off their test and measurement division as Agilent. The resulting IPO of Agilent stock may have been the largest in the history of Silicon Valley at the time.[8] In 2014, Agilent spun-off its electronics instruments division into Keysight Technologies.

Agilent maintains a central research and development group, Agilent Laboratories, that conducts the company's research in such areas as microelectromechanical systems, nanotechnology, and life sciences.[9] This centralized group is based on the original Hewlett-Packard Lab's design and was formed by dividing the original HP Labs group into two when Agilent was carved out of HP in 1999.[10]

Product lines

Agilent's major product lines include:

History

Agilent Technologies headquarters lobby in Santa Clara, California

1999

Agilent Technologies was created by the spin-off of HP's original product lines from their other businesses dealing primarily in computers and imaging. The company thus created by merging all of HP's non-computing products was in 1999 an $8 billion company with about 47,000 employees, manufacturing scientific instruments, semiconductors, optical networking devices, and electronic test equipment for telecom and wireless R&D and production.[11]

2001–2008

In 2001, Agilent Technologies sold its health care and medical products organization to Philips Medical Systems. HP Medical Products had been the second oldest part of Hewlett-Packard, acquired in the 1950s. Only the original founding test and measurement organization was older.

In August 2005, Agilent Technologies announced the sale of its Semiconductor Products Group, which produced light-emitting diode, radio frequency and mixed-signal integrated circuits, to Kohlberg Kravis Roberts & Co., and Silver Lake Partners. The group operated as a private company, Avago Technologies, until August 2009, when it was brought public in an IPO. It continues to operate under the same name as a publicly traded corporation. Agilent also sold its 47% stake in the light-emitting diode manufacturer Lumileds to Philips Electronics for just under $1 billion. Lumileds originally started as Hewlett-Packard's optoelectronics division.

Also in August 2005, Agilent announced a plan to divest its semiconductor test solutions business, composed of both the system-on-chip and memory test market areas. Agilent listed the new company as Verigy, mid-2006 on NASDAQ.

2009

In 2009, Agilent announced the closure of a subsection of its Test & Measurement division. The product lines affected included the automated optical inspection, solder paste inspection, and automated X-ray products [5DX]. In 2004 Agilent reported that it had captured 19% of the US$244 million (excluding Japan) global imaging inspection market.[12] On July 27, 2009, Agilent announced they would buy Varian, Inc., for US$1.5 billion. In November 2009, Agilent sold the N2X product line to IXIA. In February 2010 Agilent announced the selling of its Network Solutions Division to JDSU for US$162 million.

2011

In 2011, the company along with the University of California, Davis, announced that it would be establishing the Davis Millimeter Wave Research Center.[13]

Agilent announced it would increase its life sciences engagement through the acquisition of Halo Genomics, based in Uppsala, Sweden, which was involved in next-generation sequencing technology development.[14]

2012

On May 17, 2012, Agilent Technologies agreed to buy Dako, a Danish cancer diagnostics company, for $2.2 billion, to expand its presence in life sciences industry.[15]

2013

On September 19, 2013, Agilent Technologies announced their decision to separate into two publicly traded companies; Agilent life sciences, diagnostics, applied markets company, and an electronic measurement company.[16] The life sciences company will retain the Agilent name and the electronic measurement company will be called Keysight Technologies.[17]

2014

On October 14 the company announced that it is exiting its Nuclear Magnetic Resonance business.[18]

On November 1 the formal separation of Agilent and Keysight Technologies was completed. Agilent Technologies Inc. announced it has completed the spinoff of its electronic measurement business, Keysight Technologies. Keysight begins trading on the New York Stock Exchange today under the symbol KEYS. The separation was implemented through a spinoff of Keysight’s common stock and is intended to be tax-free for U.S. federal income tax purposes. On Nov. 1, 2014, in a special dividend distribution of all outstanding shares of Keysight’s common stock, Agilent shareholders received one share of Keysight common stock for every two shares of Agilent common stock held as of close of business Oct. 22, 2014.

See also

References

  1. ↑ http://www.agilent.com/about/companyinfo/execs/bios/mcmullen.html
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 "AGILENT TECHNOLOGIES INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. December 19, 2013.
  3. ↑ 3.0 3.1 "AGILENT TECHNOLOGIES INC 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 5, 2014.
  4. ↑ "Financial Statements for Agilent Technologies Inc.". Google Finance. Retrieved 2008-08-03.
  5. ↑ "Agilent Products & Services". Retrieved 2008-08-03.
  6. ↑ "Financial Statements for Agilent Technologies Inc.". Agilent Technologies. Retrieved 2010-11-17.
  7. ↑ "Company Information". Agilent. Retrieved 19 January 2014.
  8. ↑ Arensman, Russ (1 October 2002). "Unfinished business: managing one of the biggest spin-offs in corporate history would be a challenge even in the best of times. But what Agilent's Ned Barnholt got was the worst of times.". Electronic Business (Reed Business Information) (28.10). 36(6)
  9. ↑ "Agilent Research Laboratories Fact Book" (PDF). Agilent Technologies. May 2013. Retrieved 19 December 2014.
  10. ↑ "HP Lab splits"Press Announcement from Agilent
  11. ↑ "Agilent Technologies in Russia". Retrieved 2013-07-24.
  12. ↑ Agilent Trade News Nov 2004
  13. ↑ Nicolas Mokhoff, EE Times. "Agilent and UC Davis form millimeter research center." August 3, 2011. Retrieved August 5, 2011.
  14. ↑ "Agilent Acquires Two Life Science Companies", Drug Discovery & Development (Advantage Business Media), 7 Dec 2011, dddmag.com, retrieved 8 Dec 2011
  15. ↑ Scott, Mark (2012-05-17). "Agilent Technologies". The New York Times. Retrieved 2012-05-21.
  16. ↑ "Agilent Technologies to Separate Into Two Industry-Leading Public Companies" (Press release). Sep 19, 2013.
  17. ↑ "Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company: Keysight Technologies Reflects Ability to Unlock Measurement Insights for Engineers" (Press release). January 7, 2014.
  18. ↑ "Agilent Technologies to Close Nuclear Magnetic Resonance Business" (Press release). October 14, 2014.

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