SANTA CLARA, Calif., and CLEVELAND, Nov. 30, 2009
Agilent Technologies Inc. (NYSE: A) and Keithley Instruments Inc. (NYSE: KEI) today announced that the sale of substantially all of Keithley's RF product line to Agilent is now complete. As Keithley previously announced, the parties had signed a definitive agreement for the sale on Nov. 19, 2009.
"This acquisition is a great fit for Agilent," said Ron Nersesian, president of Agilent's Electronic Measurement Group. "The talented RF team and the former Keithley product line will be strong additions to Agilent, building on our leadership position in RF measurements. We look forward to expanding our RF portfolio for customers."
"We are pleased that this effective RF team will be able to continue to contribute at Agilent," said Joseph P. Keithley, the company's chairman, president and chief executive officer. "We believe their expertise and experience will definitely add value to Agilent's work in RF."
About Keithley Instruments, Inc.
With more than 60 years of measurement expertise, Keithley Instruments has become a world leader in advanced electrical test instruments and systems. Our customers are scientists and engineers in the worldwide electronics industry involved with advanced materials research, semiconductor device development and fabrication, and the production of end products such as portable wireless devices. The value we provide them is a combination of products for their critical measurement needs and a rich understanding of their applications to improve the quality of their products and reduce their cost of test.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 17,000 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.
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Jeff Weber, Agilent
Mark J. Plush, Keithley