|Founded||1999 (spun off from HP)|
|Founder||Bill Hewlett, David Packard (from HP)|
|Headquarters||Santa Clara, California,
|Products||Instruments, software, services and consumables for laboratory use|
|Revenue||$4 billion (2014)|
Number of employees
Agilent Technologies is an American public research, development and manufacturing company established in 1999 as a spin-off from Hewlett-Packard. The resulting IPO of Agilent stock was the largest in the history of Silicon Valley at the time.
The company provides analytical instruments, software, services and consumables for the entire laboratory workflow. Agilent focuses its products and services on six markets: food, environmental and forensics, pharmaceutical, diagnostics, chemical and energy, and research. From 1999 to 2014 the company also produced test and measurement equipment, this division was spun out to form Keysight.
Based on 2003 information, Agilent maintained four locations in the San Francisco Bay area: San Jose, Santa Clara, Santa Rosa and Rohnert Park. Santa Clara is an R&D site, containing the Agilent Research Laboratories group. Based on 2006 information, Agilent maintained seven sites in China: an office in Beijing, and branches in Shanghai, Chengdu, Guangzhou, Shenyang, Shenzhen and Xi'an.
Products and services
- FISH probes
- Gas and liquid chromatography
- Mass spectrometry
- Target enrichment
- Vacuum technologies
Agilent also provides the lab management services and chemistries and supplies needed to operate and optimize the science and economics of the lab:
- Enterprise asset management
- Laboratory business intelligence
- Equipment management and service
- Software maintenance
- Regulatory compliance
- Sample preparation
- Genomics and Cloning
- GC and HPLC columns
- Spectrometry and spectroscopy supplies
- General laboratory supplies
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Agilent Technologies was created in 1999 by the spin-off of Hewlett-Packard's (HP's) "Medical Products and Instrument Group", including instrumentation and chemical analysis, electronic component and medical equipment product lines.[note 1] The split was predicated on the difficulty of growing HP's revenue stream and on the competitive vigor of smaller, more agile competitors. The company's launch slogan was "Innovating the HP Way", which capitalized on the strong HP corporate culture. The starburst logo was selected to reflect "a burst of insight" (or "spark of insight") and the name "Agilent" aimed to invoke the notion of agility as a trait of the new firm. The Agilent spin-off was accompanied by an initial public offering which raised US$2,100,000,000, setting a record at the time.
In the early 2000s, "economic uncertainty" depressed demand for Agilent's products, including slow sales of health care products to hospitals in the United States, which accounted for 60% of the company's revenue at the time. The downturn also struck sales in the communications and semiconductor markets, where orders amounting to US$500,000,000 were canceled by buyers. These poor economic conditions prompted large reductions in force; from a headcount in 1999 of 35,000, which had risen to 48,000 by May 2001, it had by early 2003 cut 18,500 positions. In 2001, in midst of this downsizing, Agilent sold its health care and medical products organization to Philips Medical Systems, and was noted as having a valuation of about US$11,000,000,000. HP Medical Products had been the second oldest part of Hewlett-Packard, acquired in the 1950s.
In August 2005, Agilent announced the sale of its semiconductor business, which produced chips for a wide range of consumer and industrial uses, to Kohlberg Kravis Roberts and Silver Lake Partners for US$2,660,000,000. This move was part of a broad effort to concentrate "on the test-and-measurement business at its historic core," and would entail termination of about 1,300 of the company's 28,000 employees. The group operated as a private company, Avago Technologies, until August 2009, when it was brought public in an IPO. After purchasing Broadcom Corporation in 2016, Avago changed its name to Broadcom Limited.
Also in August 2005, Agilent sold its 47% stake in the light-emitting diode manufacturer Lumileds to Philips for US$1,000,000,000. 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.
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$244,000,000 (excluding Japan) global imaging inspection market. On July 27, 2009, Agilent announced they would buy Varian, Inc., for US$1,500,000,000. 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$162,000,000.
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.
On Sept. 19, 2013, Agilent announced its decision to separate into two publicly traded companies: Agilent life sciences, diagnostics, applied markets company, and an electronic measurement company. The life sciences company will retain the Agilent name and the electronic measurement company will be called Keysight Technologies.
On Oct. 14 the company announced that it is exiting its Nuclear Magnetic Resonance business.
On Nov. 1 the formal separation of Agilent and Keysight Technologies was completed. Agilent announced it has completed the spin-off 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.
Agilent celebrates its 50th anniversary in the analytical instruments market. Hewlett-Packard Co., Agilent’s predecessor, acquired F&M Scientific Corp., maker of gas chromatographs, on Aug. 8, 1965. In September, the company announced it would acquire Seahorse Bioscience for $235 million.
In September 2014, William (Bill) Sullivan announced plans to retire as Agilent's CEO. Mike McMullen, then president of the company's Chemical Analysis Group, was to succeed Sullivan as CEO. As part of the succession plan announcement, McMullen was promoted to the roles of president and chief operating officer (COO).
- Year of establishment: at least one alternative source (Fordahl 2005) places the start year for Agilent as 2000.
- Fordahl, Matthew (17 August 2005). "Agilent to sell chip unit for $2.66 billion, cut 1,300 jobs". Ukiah Daily Journal. Ukiah, California. p. 3. Retrieved 2015-07-27 – via Newspapers.com.
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- "Company Information". About Agilent. Agilent Technologies. Retrieved 2015-07-28.[self-published source]
- Herman, Erik L. (2003). The San Francisco Bay Area Jobbank. Holbrook, Massachusetts: Adams Media. pp. 112–3. ISBN 9781580628624. OCLC 53991596 – via Google Books (preview).
- China Foreign Enterprise Directory 2006 (2nd ed.). Hong Kong: China Economic Review Publishing. 2005. p. 303. ISBN 9789889825461 – via Google Books (preview).
- http://www.chem.agilent.com/en-US/Solutions/Pages/default.aspx#[permanent dead link]
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- "Agilent Technologies slashes 4,000 more jobs". Santa Cruz Sentinel. Associated Press. 24 February 2003. Retrieved 2015-07-28 – via Newspapers.com.
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- Bergstein, Brian (13 January 2001). "William Hewlett dies at 87". Santa Cruz Sentinel. p. A1. Retrieved 2015-07-28 – via Newspapers.com.
HP's test and measurement equipment divisions were spun off last year into Agilent Technologies, Inc., an $11 billion business.
- Agilent Trade News Nov 2004[dead link][self-published source?]
- Mokhoff, Nicolas (3 August 2011). "Agilent and UC Davis form millimeter research center". EE Times. San Francisco, California. Retrieved 2015-07-28.
- "Agilent Acquires Two Life Science Companies" (Press release). Agilent Technologies. 7 December 2011. Retrieved 2015-07-28 – via Drug Discovery & Development.
- Scott, Mark (17 May 2012). "Agilent to Buy Dako for $2.2 Billion". DealB%k. The New York Times. Retrieved 2012-05-21.
- "Agilent Technologies to Separate Into Two Industry-Leading Public Companies" (Press release). Agilent Technologies. 19 September 2013. Retrieved 2015-07-28.[self-published source]
- "Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company" (Press release). Agilent Technologies. January 7, 2014. Retrieved 2015-07-28.[self-published source]
- "Agilent Technologies to Close Nuclear Magnetic Resonance Business" (Press release). Agilent Technologies. 14 October 2014. Retrieved 2015-07-28.[self-published source]
- "Archived copy". Archived from the original on 2016-04-27. Retrieved 2015-09-10.
- "What they said about William Hewlett". Santa Cruz Sentinel. Associated Press. 13 January 2001. p. A9. Retrieved 2015-07-28 – via Newspapers.com.
-Ned Barnholt, who joined HP in 1966 and is now president and CEO of Agilent Technologies Inc. ....
- "Agilent Technologies Announces CEO Transition: Mike McMullen to Succeed Bill Sullivan in March 2015" (Press release). Agilent Technologies. 17 September 2014.[self-published source]
- "Mike McMullen". Company Information. Agilent Technologies. Retrieved 2015-07-29.[self-published source]
- Leflar, James A. (2001). Practical TPM: Successful Equipment Management at Agilent Technologies. Portland, Oregon: Productivity Press. ISBN 9781563272424. OCLC 45493253 – via Google Books (preview).
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Q: Last month I purchased shares of Agilent Technologies and the price has gone up and down since then. Are its future prospects solid?
|Wikimedia Commons has media related to Agilent Technologies.|
- http://www.agilent.com - Agilent Technologies official web site
- "History Links: HP, Agilent, EDS, Compaq, Tandem...". Hewlett-Packard Alumni Association, Inc. Retrieved 19 December 2014.
- "Patents assigned to Agilent". US Patent and Trademark Office. Retrieved 19 December 2014.