Agilent Completes Acquisition of Young In Scientific Co. Ltd. Assets
August 17 2018 - 4:30PM
Business Wire
Agilent Technologies Inc. (NYSE: A) today announced that it
has completed its acquisition of the Agilent-related business from
Young In Scientific Co. Ltd. and its affiliates (“YI Scientific”).
YI Scientific is a leading distributor of analytical and scientific
instruments in South Korea and a long-time distributor of Agilent
instruments and services.
Agilent and YI Scientific have enjoyed a strong partnership over
many years. This acquisition expands Agilent’s direct capabilities
in the growing South Korean market with an experienced and
knowledgeable team. Customers of Agilent products and related
services in the South Korean market will now have access to an
integrated sales and service portfolio directly from Agilent.
“Over the years, we have gotten to know the Young In Scientific
team focused on Agilent products and services well, and we are
pleased to be adding such a high-caliber team to our direct
capabilities,” said Nino Totino, Agilent’s vice president South
Asia Pacific and Korea. “Our newly-combined team will be
well-positioned to provide customers with an excellent customer
experience. Together, we are looking forward to helping our
customers advance their science and achieve superior outcomes by
delivering quality products and services as one unified team.”
Approximately 118 employees from YI Scientific and its
affiliates are expected to join Agilent. Financial terms of the
deal are not being disclosed.
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 14,500 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, retain key employees, 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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Agilent TechnologiesEDITORIAL CONTACTS:Victoria
Wadsworth-Hansen, +1 408-553-2005+ 45
29336980(Business)victoria.wadsworth-hansen@agilent.comStefanie
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408-345-8955(Enterprise)stefanie.notaney@agilent.comorINVESTOR
CONTACT:Alicia Rodriguez, +1
408-345-8948alicia_rodriguez@agilent.com
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