Palo Alto-Based Agilent to Buy Remaining Stake in Joint Venture

Palo Alto, Calif. -- Agilent Technologies, the Palo Alto-based technology giant, said on Tuesday that it will buy the remaining stake in its joint venture with Japan's Yokogawa Electric. Under the deal, Agilent will pay $98 million to acquire the 49% of Yokogawa Analytical Systems that it doesn't already own. Yokogawa Analytical Systems was founded as a joint venture in 1992 by Agilent (then part of Hewlett-Packard) and Yokogawa. Yokogawa Analytical Systems makes an advanced analytical system used in gas chromatography for laboratory and other scientific applications. The company had sales of more than $160 million in fiscal 2005.
http://www.agilent.com/about/newsroom/presrel/2006/30jan-gp06003.html