PALO ALTO, Calif.--(BUSINESS WIRE)--Oct. 13, 2005--Agilent
Technologies Inc. (NYSE:A) today announced it expects to close the
sale of its Semiconductor Products Group (SPG) to Kohlberg Kravis
Roberts & Co. and Silver Lake Partners (KKR and Silver Lake) on or
near Dec. 1, 2005, subject to closing conditions, including customary
governmental and regulatory approvals. The financing commitments
disclosed at the time the sale was announced remain in place. The
target closing date is timed to position the companies to provide a
seamless transition for customers, suppliers and employees in the 19
countries in which SPG operates.
About KKR
KKR is one of the world's oldest and most experienced private
equity firms specializing in management buyouts, with offices in New
York, Menlo Park, California, and London, England. Over the past
twenty-nine years, KKR has invested in more than 130 transactions with
a total value of US$158 billion. For more information, please visit
www.kkr.com.
About Silver Lake Partners
Silver Lake Partners is the leading private equity firm focused
exclusively on large-scale investing in technology and related growth
industries. Silver Lake seeks to achieve superior returns by investing
with the strategic insight of an experienced industry participant, the
operating skill of a world-class manager, and the financial expertise
of a disciplined private equity investor. Specifically, Silver Lake's
mission is to function as a value-added partner to the management
teams of the world's leading technology franchises. Its portfolio
companies include technology industry leaders such as Ameritrade,
Business Objects, Flextronics, Gartner, Nasdaq, Network General,
Seagate Technology, SunGard Data Systems, Thomson and UGS. For more
information: www.silverlake.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 28,000
employees serve customers in more than 110 countries. Agilent had net
revenue of $7.2 billion in fiscal year 2004. Information about Agilent
is available on the Web at www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to, information regarding the completion
of the divestiture and the transition for customers, suppliers and
employees.
These forward-looking statements involve risks and uncertainties
that could cause Agilent's results to differ materially from
management's current expectations. Such risks and uncertainties
include, but are not limited to risks associated with the timing of
the divestiture and our ability to effectively transition liabilities,
assets and infrastructure and other risks detailed in Agilent's
filings with the Securities and Exchange Commission, including its
Quarterly Report on Form 10-Q for the period ended July 31, 2005.
Forward-looking statements are based on the beliefs and assumptions of
Agilent's management and on currently available information. Agilent
undertakes no responsibility to publicly update or revise any
forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news is available on the Agilent news site at
www.agilent.com/go/news.
CONTACT: Agilent Technologies
Hilliard Terry, 650-752-5329
hilliard_terry@agilent.com
SOURCE: Agilent Technologies Inc.