Published: March 09, 2010
Bruker and Agilent Technologies Announce Agreement for Bruker to Acquire Certain Varian Inc. Product Lines
BILLERICA, Mass. & SANTA CLARA, Calif. - (BUSINESS WIRE) - Bruker Corporation (NASDAQ: BRKR) and Agilent Technologies, Inc.
(NYSE:A) announced today that Bruker and Agilent have entered into a
definitive asset purchase agreement. Pursuant to this agreement, Bruker
will acquire certain product lines of Varian Inc., which Agilent has
committed to divest in connection with obtaining regulatory approval for
Agilent's previously announced acquisition of Varian.
The product lines to be acquired by Bruker include:
-
Varian's global inductively coupled plasma mass spectrometry (ICP-MS)
instruments business located in Melbourne, Australia;
-
Varian's global laboratory gas chromatography (Lab GC) instruments
business located in Middelburg, the Netherlands; and
-
Varian's global gas chromatography triple-quadrupole mass spectrometry
(GC-QQQ) instruments business located in Walnut Creek, California.
The transaction is subject to customary closing conditions and
regulatory approvals, and is expected to close shortly after Agilent
completes its acquisition of Varian (which Agilent anticipates to occur
by April 30, 2010, following the completion of regulatory reviews and
clearances). There is no financing condition to closing the transaction.
Transaction pricing was not disclosed; the transaction is not material
to Agilent.
In connection with the transaction, Agilent and Bruker also intend to
enter into a transitional services agreement and a supply agreement to
facilitate the uninterrupted delivery of high-quality products and
services to new and existing customers of these three businesses. After
the closing of the acquisition, Bruker intends to continue to operate
these businesses from facilities located in Victoria, Australia, in The
Netherlands and in Northern California, and to retain key management,
research and development, operations, sales and marketing, as well as
applications and service personnel in each of the businesses. The
acquired product lines are expected to benefit from integration with
Bruker's existing country sales offices, applications laboratories and
service centers worldwide.
Bill Sullivan, Agilent President and CEO, stated: "The agreement to sell
these businesses to Bruker is an important milestone toward completing
our acquisition of Varian. While we would have liked to have been able
to keep all of these businesses, we are pleased that they will be
operated under the strength of Bruker's leadership."
Frank Laukien, Bruker President and CEO, commented on the transaction:
"These three businesses offer an opportunity to leverage our existing
strengths in the analytical instruments market. The three new product
lines will form the core offerings in a newly established Bruker
Chemical Analysis Division with an experienced and dedicated management
team. We welcome the very capable Varian teams that have led the growth
of these businesses in Melbourne, the Netherlands, California, and in
the international field organizations to Bruker. Most importantly, we
are very much looking forward to welcoming the customers of the present
Varian Lab GC, GC-QQQ and ICP-MS products to Bruker, and we are
committed to providing the highest level of applications and service
support, as well as accelerated applications and product development to
this customer base."
About Bruker Corporation
Bruker Corporation is a leading provider of high-performance scientific
instruments and solutions for molecular and materials research, as well
as for industrial and applied analysis. For more information about
Bruker Corporation, please visit www.bruker.com.
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 16,000 employees serve
customers in more than 110 countries. Agilent had net revenues of $4.5
billion in fiscal 2009. Information about Agilent is available on the
Web at www.agilent.com.
CAUTIONARY STATEMENT
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995. Any
forward-looking statements contained herein, which include, but are not
limited to, our expectations for the timing of the closing of the
Agilent-Bruker transaction and Agilent's expectations for the timing of
the closing of the Agilent-Varian transaction, are based on current
expectations, but are subject to risks and uncertainties, that could
cause actual future results to differ materially from those projected.
These include, but are not limited to, the receipt of final regulatory
approvals, satisfaction of other closing conditions, and such other
risks as identified, with respect to Bruker, in Bruker's annual report
on Form 10-K for the year ended December 31, 2008 and its most recent
quarterly reports on Form 10-Q and current reports on Form 8-K and, with
respect to Agilent, in Agilent's Annual Report on Form 10-K for the
fiscal year ended October 31, 2009. Neither Bruker nor Agilent assumes
any obligation to update these forward-looking statements other than as
required by law.

Bruker Corporation
Stacey Desrochers, +1 978-663-3660, ext. 1115
Director
of Investor Relations
stacey.desrochers@bruker.com
or
Agilent
Technologies
Amy Flores, +1 408-345-8194
Media Relations
amy_flores@agilent.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News