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Founded in 1939 by Bill Hewlett and Dave Packard in 1939, Hewlett-Packard quickly became the world leader in electronic instrumentation, before diversifying into computer science. This diversification had been so successful that the IT activity had come to stifle the original activity. With the two markets based on different logics, Hewlett-Packard decided in 1999 to split into two independent entities. The Test-Measurement business may have been the most famous historically, but it had become a minority and it is it that will have to make itself known under a new name: Agilent Technologies.
Agilent Technologies had at its start-up a chemical analysis and "Life Sciences" business, in addition to its electronic measurement activity. This business will quickly expand significantly, including the acquisition of Varian in 2010. It now has revenues of $3.9 billion, well above the $2.9 billion in electronic testing and measurement. And now history repeats itself: this test and measurement activity will be separated from the Life Sciences activity and will operate under a new name: for now, we are talking about EM Company (Electronic Measurement Company)but this name is apparently provisional.
The split will be effective at the end of the year.
Find out more: https://www.home.agilent.com/agilent/home.jspx?cc=FR&lc=fre
