History Of Agilent

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. 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 starburstlogo 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.

2000–2008

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.[11] In 2001, in midst of this downsizing, Agilent sold its health care and medical products organization to Philips Medical Systems,[13] and was noted as having a valuation of about US$11,000,000,000.[14] 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.

2009

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-rayproducts [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.

2011

In 2011, the company along with the University of California, Davis, announced that it would be establishing the "Davis Millimeter Wave Research Center".

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.

2012

On May 17, 2012, Agilent agreed to buy Dako, a Danish cancer diagnostics company, for US$2,200,000,000, to expand its presence in the life sciences industry.

2013

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.

2014

On Oct. 14 the company announced that it is exiting its Nuclear Magnetic Resonance business.[21]

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.

2015

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.