Agilent Technologies

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Agilent Technologies, Inc.
Type Public
Traded as
Industry
  • Biotechnology
  • Electronics
  • Chemical
Founded 1999 (from HP)
Founder(s) Bill Hewlett, David Packard (from HP)
Headquarters Santa Clara, California,
United States
Area served Worldwide
Key people William P. Sullivan
(CEO) & (Director)
Ron Nersesian
(President), (COO)
Products
  • Bio-analytical equipment
  • Electronic analysis equipment
Revenue
  • Decrease US$ 6,782.0 million (2013) [1]
  • Increase US$ 6,858.0 million (2012) [1]
Operating income
  • Decrease US$ 951.0 million (2013) [1]
  • Increase US$ 1,119.0 million (2012) [1]
Net income
  • Decrease US$ 724.0 million (2013) [1]
  • Increase US$ 1,153.0 million (2012) [1]
Total assets
  • Increase US$ 10,686.0 million (2013) [2]
  • Increase US$ 10,536.0 million (2012) [1]
Total equity
  • Increase US$ 5,289.0 million (2013) [2]
  • Increase US$ 5,185.0 million (2012) [1]
Employees 20,500 (2012)
Divisions
  • Electronic Measurement
  • Chemical Analysis
  • Life Sciences
  • Diagnostics & Genomics
Website Agilent.com
References: [3][4][5]

Agilent Technologies, or Agilent, is an American company that designs and manufactures electronic and bio-analytical measurement instruments and equipment for measurement and evaluation.

Many of Agilent's predecessor product lines were developed by Hewlett-Packard, the American test and measurement equipment company founded in 1939. In 1999, product lines not directly connected with computers, storage, and imaging were grouped into a separate company (Agilent), the stock of which was offered to the public in an initial public offering. The Agilent IPO may have been the largest in the history of Silicon Valley at the time.[6]

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.[7] 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.[8]

Product lines[edit]

Agilent's major product lines include:

History[edit]

Agilent Technologies headquarters lobby in Santa Clara, California

1999[edit]

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.[9]

2001–2008[edit]

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[edit]

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.[10] 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[edit]

In 2011, the company along with the University of California, Davis, announced that it would be establishing the Davis Millimeter Wave Research Center.[11]

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.[12]

2012[edit]

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.[13]

2013[edit]

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.[14] The life sciences company will retain the Agilent name and the electronic measurement company will be called Keysight Technologies.[15]

See also[edit]

References[edit]

  1. ^ a b c d e f g h "AGILENT TECHNOLOGIES INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. December 19, 2013. 
  2. ^ a b "AGILENT TECHNOLOGIES INC 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 5, 2014. 
  3. ^ "Financial Statements for Agilent Technologies Inc.". Google Finance. Retrieved 2008-08-03. 
  4. ^ "Agilent Products & Services". Retrieved 2008-08-03. 
  5. ^ "Financial Statements for Agilent Technologies Inc.". Agilent Technologies. Retrieved 2010-11-17. 
  6. ^ Arensman, Russ. "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. (Cover Story)." Electronic Business 28.10 (Oct 2002): 36(6).
  7. ^ "Agilent Research Laboratories Fact Book"
  8. ^ "HP Lab splits"Press Announcement from Agilent
  9. ^ "Agilent Technologies in Russia". Retrieved 2013-07-24. 
  10. ^ [dead link]Agilent Trade News Nov 2004
  11. ^ Nicolas Mokhoff, EE Times. "Agilent and UC Davis form millimeter research center." August 3, 2011. Retrieved August 5, 2011.
  12. ^ "Agilent Acquires Two Life Science Companies", Drug Discovery & Development (Advantage Business Media), 7 Dec 2011, dddmag.com, retrieved 8 Dec 2011 
  13. ^ Scott, Mark (2012-05-17). "Agilent Technologies". The New York Times. Retrieved 2012-05-21. 
  14. ^ "Agilent Technologies to Separate Into Two Industry-Leading Public Companies" (Press release). Sep 19, 2013. 
  15. ^ "Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company: Keysight Technologies Reflects Ability to Unlock Measurement Insights for Engineers In his tenure as CEO Bill Sullivan has grown the company from the 51,000 employees that were part of Agilent at the split from HP to a current workforce of about 7500. Sullivan has paid handsome dividends to shareholders by constantly splitting off parts of the company and selling those ventures on the open market." (Press release). January 7, 2014. 

External links[edit]