Agilent Technologies Inc. and NetworkFab Corp. announced that they have signed a definitive agreement for NetworkFab to join Agilent. Privately held NetworkFab designs and builds advanced signal intelligence, communications and jammer systems for the US military, intelligence agencies and law enforcement groups. The transaction is subject to various standard closing conditions and is expected to close in 30 to 60 days. Financial details were not disclosed.
When the acquisition is final, NetworkFab will become a key part of Agilent's recently formed Signal Networks Division, specifically targeted to aerospace/defense. Agilent has a long history of market leadership in the test and measurement industry, including aerospace/defense. By acquiring NetworkFab, Agilent will expand its presence in operational environments to support US government prime contractors.
"NetworkFab will bring world-class talent and state-of-the-art technologies to Agilent, strengthening our presence in the aerospace/defense market," said Tom Burrell, vice president and general manager of Agilent's Signal Networks Division. "We look forward to becoming a more significant supplier of SIGINT and EW subsystems, and NetworkFab will help us become a major player in this market."
"We are very excited to join Agilent and be part of one of the perennial Silicon Valley companies, with a great history and reputation," said Rick Lu, president and CEO of NetworkFab. "Agilent's engineering and technology-driven culture is a good match with NetworkFab's corporate culture. The acquisition will help us accelerate our products and technologies to market, and continue to serve our important government, military and intelligence customers. We will have a stronger market positioning to win both larger, and greater numbers, of jobs."