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|Articles|May 26, 2010
Agilent completes Varian acquisition
Agilent Technologies has announced the completion of its acquisition of scientific-equipment maker Varian. The deal was reported to have cost Agilent approximately $1.5 billion in cash.
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Agilent Technologies has announced the completion of its acquisition of scientific-equipment maker Varian. The deal was reported to have cost Agilent approximately $1.5 billion in cash.
In a statement from the company, Bill Sullivan, president and CEO said "The Varian acquisition - the largest in our company's history - furthers our evolution toward becoming a global leader in bio-analytical measurement. We're gaining tremendous talent and technology. And for our customers, this will mean a broader span of expertise, applications and products from one trusted company."
The majority of Varian's product lines will report into Agilent's Chemical Analysis Group (CAG), while some key businesses will be housed within Agilent's Life Sciences Group (LSG).
"Varian's products and applications expertise complement our offerings by providing a more complete spectroscopy, consumables and services portfolio to our customers," added Mike McMullen, Agilent senior vice president and president of CAG.
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