Agilent Technologies Inc. (NYSE: A) has announced that it has signed a definitive agreement to acquire the Agilent-related business from Young In Scientific Co. Ltd. (“YI Scientific”), the company said.
YI Scientific is a distributor of analytical and scientific instruments in South Korea and a long-time distributor of Agilent instruments and services.
Founded in 1976, YI Scientific has grown into one of the largest distributors of analytical instruments, solutions and services in South Korea. Once the acquisition is final, former YI Scientific customers of Agilent products and related services in the South Korean market can look forward to an integrated sales and service portfolio directly from Agilent.
More than 100 employees from Young In and its affiliates are expected to join Agilent Technologies Korea Limited when the acquisition is final.
The transaction is subject to customary closing conditions. Financial terms of the deal are not being disclosed.
Agilent Technologies is a global provider of life sciences, diagnostics, and applied chemical markets. With more than 50 years of insight and innovation, Agilent instruments, software, services, solutions, and people provide trusted answers to its customers´ most challenging questions. The company generated revenues of USD 4.47 billion in fiscal 2017 and employs 14,200 people worldwide. Information about Agilent is available at www.agilent.com.