Agilent Technologies to Acquire ATN Microwave, Developer of RF Component Test Systems
PALO ALTO, Calif.--(BUSINESS WIRE)--Dec. 7, 2000--
Acquisition to Shorten Development Time of Agilent Solutions for Fast-Growing Wireless Market
Agilent Technologies Inc. (NYSE: A) today announced the signing of an agreement to acquire ATN Microwave Inc. ATN, founded in 1984, specializes in microwave measurement solutions for wireless and high-speed data communication applications. Financial terms of the agreement were not disclosed.
The acquisition of ATN -- with 26 employees located in North Billerica, Mass. -- will provide Agilent with products, engineering expertise and intellectual property related to the measurement of multiport devices, balanced circuits, signal integrity, large-signal characterization, and noise, as well as electronic calibration of test instruments. These areas are increasingly critical in the design and manufacture of components used in the communications industry. Acquiring ATN will allow Agilent to integrate these technologies earlier into its test platforms.
"Components are critical at the beginning of the wireless-industry `food chain,' and typically need to be designed well before a wireless product comes on the market," said Dave Myers, vice president and general manager of Agilent's Component Manufacturers Unit. "The increasing complexity of components and the need to reduce time to market has our customers looking for new testing solutions. Combining forces with ATN means we can expedite solutions to these customers."
There are no plans to relocate the ATN operation, but Agilent plans to continue building the ATN operation into a premier application development center for RF component-test solutions. ATN will be part of Agilent's component test business headquartered in Santa Rosa, Calif.
"ATN's component-test solutions play a key role in helping customers develop and manufacture components for the wireless RF and data communication applications," said Vahe Adamian, founder and chief technology officer of ATN. "Agilent's worldwide presence and complementary technology and support will result in better integrated solutions for component test."
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a diversified technology company with approximately 47,000 employees serving customers in more than 120 countries. Agilent is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor and optical components. In fiscal year 2000, Agilent had net revenue of $10.8 billion. The company serves markets that include communications, electronics, life sciences and healthcare.
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 ability of Agilent Technologies to reduce time to market and expand its product offerings and solutions as a result of this acquisition) 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.
CONTACT:
Agilent Technologies
Susan Fisher, 707/577-4071
susan-fisher@agilent.com
Barbi Marsden, 707/577-4680
barbi-marsden@agilent.com
Hilliard Terry, 650/752-5329 (ANALYST CONTACT)
hilliard-terry@agilent.com
KEYWORD: CALIFORNIA MASSACHUSETTS
BW0369 DEC 07,2000
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