Agilent Technologies has completed its acquisition of most of Keithley Instruments' RF product line.
Keithley Instruments agreed to the sale last month. The impact of the downturn across the test business has prompted keithley to focus on growing our core business.
“The impact of the economic downturn changed the expected timing of the returns we were anticipating from our RF product line, extending them beyond a time-frame that we were willing to continue to support," said Joseph P. Keithley, the company’s chairman, president and CEO.
"The divestiture of our RF product line enables us to increase our focus on our core technologies and we intend to expand our efforts to leverage these strengths in support of new growth opportunities such as energy efficiency related devices and materials,” said Keithley.
It is anticipated that the majority of the RF team will become Agilent employees. Under the terms of the agreement, the Company will transfer substantially all of the assets associated with the RF product line and Agilent will assume certain related liabilities.
According to Ron Nersesian, president of Agilent’s electronic measurement business: “The talented RF team and the former Keithley product line will be strong additions to Agilent, building on our leadership position in RF measurements.”
“We believe their expertise and experience will definitely add value to Agilent’s work in RF,” said Keithley.