Santa Clara-Based Agilent to Acquire Denmark's Dako for $2.2 Billion

Santa Clara, Calif. -- Agilent Technologies, the Santa Clara-based measurement technology giant, on Thursday announced the largest acquisition in company history, agreeing to acquire Denmark-based cancer diagnostic company Dako in a deal worth $2.2 billion. The acquisition is expected to close within 60 days, adding more than 1,000 employees and $340 million in annual revenue. "Agilent's strategy in acquiring Dako is about strengthening the company's presence in life science and about revenue growth," said Bill Sullivan, the company's president and CEO. Dako provides antibodies, reagents, scientific instruments and software to customers in pathology laboratories, and also collaborates with a number of major pharmaceutical companies. http://www.dako.com http://www.agilent.com http://www.agilent.com/about/newsroom/presrel/2012/17may-gp12009.html