SANTA CLARA, Calif., June 11, 2008 - Agilent Technologies acquired substantially all of the assets of Taiwan-based Escort Instruments Corp., an established supplier of low-cost test and measurement instruments and a subsidiary of Unitech Printed Circuit Board Corp. Financial details were not disclosed. The acquisition includes Escort Instruments' R&D, marketing, intellectual property and the majority of the subsidiary's low-cost instrument product portfolio.
The acquisition supports Agilent's growth strategy in the low-cost instrument market, and adds R&D expertise and products to further enhance the company's existing low-cost instrument portfolio. The Escort Instruments assets are being integrated into the Basic Instruments Division of Agilent's Electronic Measurements business. "The acquisition demonstrates Agilent's commitment to providing high-quality, low-cost instruments to customers worldwide," said Ee Huei Sin, vice president and general manager of Agilent's Basic Instruments Division. "Escort Instruments' assets will offer Agilent customers an expanded portfolio of low-cost instruments, and the R&D expertise to continue to grow this product line for the future." Twenty Escort Instruments' employees have joined Agilent in Taipei.
About Agilent Technologies' Low-Cost Instruments
An increasing number of field engineers and technicians worldwide are asking for measurement instruments that can be easily transported for installation and maintenance activities. To meet these needs, instruments must have three key attributes: mobility, accuracy and affordability. Agilent's low-cost instrument initiative is focused on providing high-value test equipment in these key areas. Products include bench, handheld and modular devices such as basic power supplies, benchtop and handheld digital multimeters, handheld oscilloscopes, USB data acquisition devices, Agilent VEE software, and connectivity gateways.
The industry has taken note: The Agilent U1600A Series of oscilloscopes was voted Product of the Year by readers of Elektronik magazine, and the Agilent U1250A Series of digital multimeters was named an EDN Hot 100 Product and analogZONE's Best Value Portable Test Equipment.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 19,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.4 billion in fiscal year 2007.
