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Yokogawa Analytical Systems now wholly owned by Agilent

Posted: 02 Feb 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Agilent Technologies? Yokogawa Electric? Yokogawa Analytical Systems?

Agilent Technologies Inc. and Yokogawa Electric Corp. announced that their joint venture, Yokogawa Analytical Systems, is now a wholly owned Agilent subsidiary.

Yokogawa will receive approximately $106 million from this transaction, including $98 million from Agilent for its 49-percent share in the joint venture and $7.5 million in dividends from Yokogawa Analytical Systems.

Yokogawa Analytical Systems was founded as a joint venture in 1992 by Agilent (then part of Hewlett-Packard and 51-percent owner) and Yokogawa (49-percent owner). Yokogawa Analytical Systems manufactures ICP/MS, an advanced analytical system used in gas chromatography for laboratory and other scientific applications.

With the foundation of the joint venture, Agilent transferred its sales and support of advanced laboratory analytical systems to Yokogawa Analytical Systems; while Yokogawa transferred all of its laboratory business, including equipment under development, to the joint venture.

Yokogawa Analytical Systems had sales of more than $160 million in fiscal 2005.

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