Agilent Technologies Inc. (NYSE: A) today announced ithasacquiredsubstantially all of the assets of Taiwan-basedEscortInstrumentsCorp., an established supplier of low-cost testandmeasurementinstruments and a subsidiary of Unitech PrintedCircuitBoard Corp.Financial details were not disclosed.
Theacquisitionincludes Escort Instruments' R&D,marketing,intellectualproperty and the majority of the subsidiary'slow-costinstrumentproduct portfolio.
Theacquisitionsupports Agilent's growth strategy in thelow-costinstrumentmarket, and adds R&D expertise and productsto furtherenhancethe company's existing low-cost instrumentportfolio. TheEscortInstruments assets are being integrated intothe BasicInstrumentsDivision of Agilent's ElectronicMeasurementsbusiness.
"Theacquisitiondemonstrates Agilent's commitment toprovidinghigh-quality, low-costinstruments to customersworldwide," said EeHuei Sin, vice presidentand general manager ofAgilent's BasicInstruments Division. "EscortInstruments' assetswill offerAgilent customers an expandedportfolio of low-costinstruments,and the R&D expertise tocontinue to grow thisproduct line forthe future."
TwentyEscortInstruments' employees have joined Agilent inTaipei.