Agilent Technologies Completes Acquisition of ULTRA Scientific Assets
July 16 2018 - 4:15PM
Business Wire
Agilent Technologies Inc. (NYSE: A) today announced that it
has completed the acquisition of the business assets of ULTRA
Scientific, Inc., a leading provider of chemical standards and
certified reference materials.
Agilent identified chemical standards as a key expansion area
that will enable Agilent to enhance the customer experience by
providing complete workflow solutions. ULTRA Scientific’s extensive
catalog of chemical standards are critical to analytical laboratory
workflows and help customers qualify the performance of their
methods to validate and quantitate results. ULTRA Scientific serves
laboratory professionals in key end markets including
environmental, food, forensics, pharmaceutical, chemical and
energy, and academia and government.
“Agilent was one of ULTRA Scientific’s largest customers so we
have great confidence in the team and solutions,” said Steve Cohan,
vice president and general manager of Agilent’s Supplies Division.
“We look forward to combining the teams, and the new opportunities
we will have to leverage our combined strengths and create
significant value for our customers as we work towards our goal of
creating complete workflow solutions.”
Financial terms of the deal are not being disclosed.
More information on ULTRA Scientific’s products and solutions is
available at www.ultrasci.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in life
sciences, diagnostics, and applied chemical markets. With more than
50 years of insight and innovation, Agilent instruments, software,
services, solutions, and people provide trusted answers to its
customers' most challenging questions. The company generated
revenues of $4.47 billion in fiscal 2017 and employs 14,200 people
worldwide. Information about Agilent is available at
www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, statements regarding the
capabilities and expertise the acquisition brings, the ability to
supply industry requirements and acceleration of growth. These
forward-looking statements involve risks and uncertainties that
could cause Agilent’s results to differ materially from
management’s current expectations. Such risks and uncertainties
include, but are not limited to, the ability to integrate Ultra
Scientific’s operations with Agilent’s, meet customer expectations
and realize efficiencies from the combined businesses. In addition,
other risks that Agilent faces in running its operations include
the ability to execute successfully through business cycles; the
ability to meet and achieve the benefits of its cost-reduction
goals and otherwise successfully adapt its cost structures to
continuing changes in business conditions; ongoing competitive,
pricing and gross-margin pressures; the risk that our cost-cutting
initiatives will impair our ability to develop products and remain
competitive and to operate effectively; the impact of geopolitical
uncertainties and global economic conditions on our operations, our
markets and our ability to conduct business; the ability to improve
asset performance to adapt to changes in demand; the ability of our
supply chain to adapt to changes in demand; the ability to
successfully introduce new products at the right time, price and
mix; the ability of Agilent to successfully integrate recent
acquisitions; the ability of Agilent to successfully comply with
certain complex regulations; and other risks detailed in Agilent’s
filings with the Securities and Exchange Commission, including our
quarterly report on Form 10-Q for the quarter ended April 30, 2018.
Forward-looking statements are based on the beliefs and assumptions
of Agilent’s management and on currently available information.
Agilent undertakes no responsibility to publicly update or revise
any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news is available on the Agilent news site at
www.agilent.com/go/news.
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version on businesswire.com: https://www.businesswire.com/news/home/20180716005802/en/
EDITORIAL CONTACTS:Agilent Technologies:Victoria
Wadsworth-Hansen (Business), +1 408-553-2005+ 45
29336980victoria.wadsworth-hansen@agilent.comorStefanie Notaney
(Enterprise), +1 408-345-8955stefanie.notaney@agilent.comorINVESTOR
CONTACT:Alicia Rodriguez, +1
408-345-8948alicia_rodriguez@agilent.com
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