Agilent Technologies Inc.
) recently announced an agreement to acquire the assets of the
privately-held ABC Instrumentación Analítica (ABCIA) based in
Mexico. The deal is expected to close on Oct 1, subject to
customary closing conditions. The financial details of the
acquisition were kept confidential.
Established in 1986, ABCIA is a distributor of analytical
solutions, including Agilent's chemical analysis and life science
products. Additionally, it provides training to customers for
Agilent's products, thereby providing sales and application
support to the company.
Upon the closure of the deal, about 30 ABCIA employees are
expected to join Agilent.
The acquisition will allow Agilent to strengthen its
partnership with ABCIA and widen its growth prospects. It
complements Agilent's own sales efforts and will help it to offer
better services to its customers. Additionally, the deal will
strengthen Agilent's presence in the rapidly growing Mexican
According to a latest research report from TechNavio's
analysts, the Global Liquid Analytical Instrument market is
expected to grow at a CAGR of 6.39% over the period 2012-2016
driven by the growing need for better analysis. We believe
Agilent's acquisitions, new products and testing systems will
help it to benefit from this growth.
Agilent Technologies is a broad-based original equipment
manufacturer of test and measurement equipment. The company's
third-quarter revenues were down 4.6% sequentially and 4.1% year
over year to $1.65 billion. However, earnings per share of 68
cents exceeded the Zacks Consensus Estimate by 6 cents or 9.6%,
helped by solid cost management.
Currently, Agilent has a Zacks Rank #3 (Hold). Other stocks
that are performing well at current levels include
), all carrying a Zacks Rank #1 (Strong Buy).
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