Agilent Technologies Completes Acquisition of SAFCO Technologies; Acquisition Expands Agilent's Offering of Wireless Voice and Data Solutions and Services
PALO ALTO, Calif.--(BUSINESS WIRE)--July 26, 2000--Agilent Technologies Inc. (NYSE:A) today announced the completion of its acquisition of SAFCO Technologies, a subsidiary of Salient 3 Communications Inc. (Nasdaq/NMS:STCIA). The two companies signed the initial agreement in early May. The price of the acquisition is approximately $120 million in cash.
The acquisition allows Agilent to provide end-to-end solutions to wireless service providers that will assist in planning, installation and analysis of their next-generation (2.5 and 3G) networks. These solutions are key in enabling service providers to deliver wireless voice and data/Internet services such as wireless e-mail, stock quotes and trades, and other mobile commerce applications.
SAFCO has 225 employees and has operating sites in Chicago; Melbourne, Fla.; Helsingborg, Sweden; and nine international sales offices. SAFCO will be incorporated into the Wireless Network Solutions Product Generation and Market Solutions units of Agilent's Electronic Product Solutions Group.
Information about Agilent's wireless solutions can be found on the Web at www.agilent.com/find/wireless.
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is a diversified technology company, resulting from Hewlett-Packard Company's plan to strategically realign itself into two fully independent companies. With 43,000 employees serving customers in more than 120 countries, Agilent Technologies is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor and optical components. The company serves markets that include communications, electronics, life sciences and healthcare. The businesses comprising Agilent, a subsidiary of HP, had net revenues of more than $8.3 billion in fiscal year 1999.
Information about Agilent Technologies can be found on the Web at www.agilent.com.
CONTACT:
Agilent Technologies Inc.
Susan Cornelius, 707/577-3412 (Editorial Contact)
susan-cornelius@agilent.com
Hilliard Terry, 650/857-3058 (Analyst Contact)
hilliard-terry@agilent.com |
