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Microlease Stays On Track to Meet Ambitious Growth Targets with Agilent Technologies Partnership

Top rental business becomes Authorised Technology Partner for UK and Ireland

Microlease today announced an agreement with Agilent Technologies to become the sole UK and Ireland Authorised Technology Partner (ATP) selling Agilent equipment direct to end-users. The agreement helps to further Microlease’s three-year strategy of organic growth.

Microlease CEO Nigel Brown explains that one of the major drivers of the three-year agreement was Microlease’s long experience and thorough expertise of customers’ test and measurement needs.  “This new agreement is intended to provide easier access to Agilent electronic test and measurement products and services. We believe we can add considerable value for current and new Agilent customers through our consulting, technical and support services, in addition to our rental services and allied financial solutions,” he says.

Microlease predicted a lift in turnover in excess of £30 million in 2009/2010. It is anticipated that this partnership with Agilent could raise this to approximately £45 million in 2010/2011.  As part of the arrangement, seven sales staff and one sales manager will transfer to Microlease from Agilent.

These latest developments firmly consolidate Microlease’s position as the No. 1 test and measurement rental business in Europe.   Agilent is the market leader in electronic test and measurement solutions globally.

Says Chris Rennie, Agilent head of sales Northern Europe, “We are delighted to have signed Microlease as an ATP, and believe this move will greatly benefit our customers.  With Microlease’s guiding services and purchase options customers will have additional beneficial choices in their selection of Agilent’s premier electronic measurement equipment.”

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Notes to Editors:

About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world’s premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company’s 18,000 employees serve customers in more than 110 countries. Agilent had net revenues of $5.8 billion in fiscal 2008. Information about Agilent is available on the web at www.agilent.com.

About Microlease
Founded in 1979, Microlease is the number one test and measurement rental company in Europe and is the preferred rental partner of world leading manufacturer Agilent. Its customers include Alcatel Lucent, Ciena, EADS Astrium, Nortel, Sagem and Siemens. Microlease’s range of services include rental, leasing, buying pre-owned equipment and selling a wide range of test and measurement equipment as well as a full range of services from calibration to full asset management. Its offerings allow customers to explore leasing and renting as a cost effective way of obtaining test and measurement equipment without stretching capital expenditure. For more information please visit www.microlease.com

Nigel Brown 
Microlease
Tel: +44 (0)2084 200200

Michelle Anker
The Whiteoaks Consultancy
Tel: +44 (0)1252 727 313

Sarah Calnan
Agilent Technologies
Tel +44 (0)1189 275101
sarah_calnan@agilent.com