Agilent Technologies, Inc. (NYSE:A) has announced that it has been granted a conditional antitrust clearance from the European Commission for it’s proposed acquisition of Varian, Inc. (NASDAQ:VARI). As part of the Commission’s clearance, Agilent must sell its laboratory gas chromatography, quadrupole gas chromatography-mass spectrometry, inductively coupled plasma-mass spectrometry, and micro gas chromatography businesses. Both companies have initiated a process for the sale of the businesses, having already engaged a number of interested purchasers. The company reported that the aggregate fiscal 2009 revenues for the businesses were under $100 million. The companies are still waiting for US Federal Trade Commission clearance.
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Agilent Technologies, Inc. (Agilent) is a measurement company providing core bio-analytical and electronic measurement solutions to the communications, electronics, life sciences and chemical analysis industries. It has three business segments: the electronic measurement business, the bio-analytical measurement business and the semiconductor and board test business. Electronic measurement business focuses on the communications and electronics industries. Bio-analytical measurement business focuses on the life sciences industry and in the environmental, chemical, food and petrochemical industries. Semiconductor and board test business provides standard and customized measurement instruments and systems. In addition, Agilent conducts centralized research through Agilent Technologies Laboratories (Agilent Labs). Its subsidiaries include Agilent, Varian, Inc. and Cobalt Acquisition Corp. On October 30, 2009, Agilent sold Data Networks Product Line.
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