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In The News

Agilent Technologies to split into two companies

Agilent Technologies announced plans Thursday to split itself into two separate companies, and one of the new companies will be headquartered in Santa Rosa.

Agilent's life sciences division will retain the company name. The spinoff company, which focuses on electronic measurement, will be headquartered in Santa Rosa, said Agilent spokesman Jeff Weber.

“Agilent has evolved into two distinct investment and business opportunities, and we are creating two separate and strategically focused enterprises to allow each to maximize its growth and success,” said Bill Sullivan, Agilent president and CEO, in a statement.

Last month, the company reported that revenues had fallen 17 percent in the electronic measurement division, due to a lost contract with a wireless manufacturer and slower defense spending.

Check back later today for more details on this breaking story.

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