Acquisition Expands Direct Capabilities in Growing South Korean Market
SANTA CLARA, Calif.--(BUSINESS WIRE)--May 22, 2018--
Agilent Technologies Inc. (NYSE: A) today announced that it has signed a
definitive agreement to acquire the Agilent-related business from Young
In Scientific Co. Ltd. (“YI Scientific”). YI Scientific is a leading
distributor of analytical and scientific instruments in South Korea and
a long-time distributor of Agilent instruments and services.
Founded in 1976, YI Scientific has grown into one of the largest
distributors of analytical instruments, solutions and services in South
Korea. Once the acquisition is final, former YI Scientific customers of
Agilent products and related services in the South Korean market can
look forward to an integrated sales and service portfolio directly from
Agilent.
“YI Scientific has built a strong sales channel for Agilent products and
services over many years,” said Lon Justice, Agilent’s vice president
Laboratory Solutions Sales and Marketing. “Joining forces with our
long-standing channel partner in South Korea provides Agilent with a
solid foundation to address the needs of the growing analytical market
in South Korea.”
“We are very committed to growing our service business in South Korea,”
said Doug McDougall, Agilent’s vice president and general manager,
Services and Support Division. “Together with YI Scientific, we believe
we can provide an even better customer experience by streamlining
processes and delivering top-tier service in a consistent way.”
More than 100 employees from Young In and its affiliates are expected to
join Agilent Technologies Korea Limited when the acquisition is final.
The transaction is subject to customary closing conditions. Financial
terms of the deal are not being disclosed.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in life sciences,
diagnostics, and applied chemical markets. With more than 50 years of
insight and innovation, Agilent instruments, software, services,
solutions, and people provide trusted answers to its customers' most
challenging questions. The company generated revenues of $4.47 billion
in fiscal 2017 and employs 14,200 people worldwide. Information about
Agilent is available at www.agilent.com.
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Source: Agilent Technologies Inc.
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