VARI Acquired By Agilent (revised)

Zacks Investment Research

Varian, Inc. (NASDAQ:VARI) was recently acquired by Agilent Technologies, Inc. (NYSE:A) in an all-cash transaction worth $1.5 billion.

The deal excludes Varian’s Australia-based inductively coupled plasma mass spectrometry instruments business, its Netherlands-based laboratory gas chromatography instruments business and its California-based gas chromatography triple-quadrupole mass spectrometry instruments business. These businesses will be acquired by Bruker Corp. (NASDAQ:BRKR), which Agilent has committed to divest.

While a majority of Varian’s product lines will be integrated into Agilent’s Chemical Analysis Group (CAG), a few will be integrated within Agilent’s Life Sciences Group (LSG).

VARI is in the scientific instruments business — analytical instruments, research products and related software, consumable products, accessories and services — and also supplies vacuum products (and related accessories and services).

(Note: we are reporting this blog due to an error. The original post, submitted at 2:42pm today, is no longer to be relied upon.)

You may also like: