Bruker buys three Varian divisions from Agilent
March 10, 2010 by MassDevice staff
Billerica, Mass.-based scientific instrument maker Bruker Corp. snags three divisions of the Palo Alto, Calif.-based instruments company after Agilent is forced to divest the businesses to comply with European anti-trust laws.
Agilent Technologies Inc.'s (NYSE:A) embarrassment of riches turned out to be a boon for Bruker Corp. (NSDQ:BRKR) too.
The companies announced the completion of a deal to sell Billerica, Mass.-based Bruker three business units of Varian Inc. so Agilent can comply with European anti-trust laws. Agilent acquired its Palo, Alto, Calif.-based instrument-making subsidiary in July 2009 for a reported $1.5 billion.
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