Agilent Technologies Completes Acquisition of Digital Technology Inc.; Acquisition Accelerates Delivery of IP and Router Test Solutions
PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 1, 2000--Agilent Technologies Inc. (NYSE:A) today announced the completion of its acquisition of Digital Technology Inc. The initial agreement between the companies was signed on August 4. Financial terms of the acquisition were not disclosed.
The purchase of this privately held company is expected to extend Agilent's ability to deliver test solutions used by network equipment manufacturers and service providers to develop, select and deploy next-generation, IP-based products and services.
Digital Technology, based in Bedford, Mass., is a leading developer of network-protocol test solutions. DTI will be integrated into the Advanced Networks Division of Agilent's Communications Solutions Group.
More information about Agilent's IP test solutions is available at www.agilent.com/comms/IPtest.
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 46,000 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.
This news release contains forward-looking statements, including without limitation statements relating to the timing of Agilent Technologies' product releases and Agilent Technologies' ability to extend is product offerings, that involve risks and uncertainties that could cause results of Agilent Technologies to differ materially from management's current expectations. These risks are detailed in Agilent Technologies' Annual Report on Form 10-K for the year ended October 31, 1999, and its Quarterly Report on Form 10-Q for the quarter ended July 31, 2000, as filed with the Securities and Exchange Commission.
--30--jp/sf* pb/sf
CONTACT:
Agilent
Anne Buckley, 603/559-5746 (Editorial)
abuckley@agilent.com
Hilliard Terry, 650/752-5329 (Analysts)
hilliard-terry@agilent.com
or
Peters & Feldman for Agilent (Editorial)
Lee Feldman, 203/854-6761
leefeld@ix.netcom.com |
