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Agilent Buys Varian for $1.5B

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SANTA CLARA, Calif., July 27, 2009 – Agilent Technologies has agreed to buy medical device maker Varian Inc. of Palo Alto, Calif., for $1.5 billion in cash. Varian had annual revenue of $1 billion in its fiscal year 2008 with a product portfolio that includes lab instrumentation and consumables. According to its Web site, it has 4800 employees. Agilent will pay $52 cash per share for Varian, a premium of approximately 35 percent over its closing price on July 24, 2009. The boards of both companies have unanimously approved the all-cash offer. Agilent said the acquisition broadens its applications and offerings...Read full article

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    Published: July 2009
    Glossary
    molecular spectroscopy
    Spectrum analysis concerned with the spectra formed by transitions in molecules.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    acquisitionsAgilent Technologiesatom spectroscopyBasic Sciencebio-analytical measurementBiophotonicsBusinessEmploymentimaging technolgieslab instrumentationlife sciencesmolecular spectroscopyNews & FeaturesNMRphotonicsphotonics.comscientific instrumentationVarian Inc.

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