Agilent Selling Group to Royal Philips
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Associated Press
Agilent Technologies Inc., the testing and measurement equipment company spun off from Hewlett-Packard Co., is selling its medical-supply group to Royal Philips Electronics for $1.7 billion. In the deal, the Dutch company would get Agilent’s health-care solutions group, which has annual sales of $1.5 billion in patient monitoring, ultrasound imaging, resuscitation and other high-tech medical supplies. Shares of Palo Alto-based Agilent jumped $5.75 to close at $47.38 on the Big Board.
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