
Yesterday 27th July, 09, Agilent technologies declared that it is going to purchase Varian for a deal worth $1.5 Billion. This deal will help Agilent to penetrate Pharmaceutical and Biopharma market and help it in expanding it's portfolio for nuclear magnetic resonance, imaging, and vacuum technology markets.
While Agilent technologies is a leader in food safety and Varian on the other hand is a leader for energy industry, and has wide range of products for environmental analysis.
Both the companies head quarters are based in Palo Alto-based, While Varian employs some 3,600 people worldwide with revenue of $1 billion in fiscal 2008. The later company Agilent technologies have around 19,000 employees worldwide with revenue of nearly $5.8 billion in the same fiscal year.
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