Agilent Technologies’ $250 million Acquisition of Advanced Analytical Technologies

Davis Polk is advising Agilent Technologies, Inc. on its acquisition of privately held Advanced Analytical Technologies, Inc. in a $250 million cash transaction.

Agilent Technologies Inc. (NYSE: A) today announced that it has signed a definitive agreement to acquire privately-held Advanced Analytical Technologies, Inc. (AATI), a provider of capillary electrophoresis-based (CE) solutions for fully-automated analysis of a range of molecules for $250 million in cash. This acquisition will enhance Agilent’s existing expertise and technology, while giving customers a more comprehensive set of solutions.

Automated electrophoresis is a commonly used separation technique to analyze biomolecules such as nucleic acids (RNA and DNA), proteins, carbohydrates and small molecules. It has a broad range of applications and is used across a variety of industries segments including pharma and biopharma, academia and government, clinical and diagnostics, food, environmental and forensics, and chemical and energy.

AATI has developed compelling CE technologies that provide key advances in sensitivity and resolution to address a wide range of applications. AATI solutions are comprised of instruments, software and consumables aimed at simplifying complex workflows.

Founded in 1998, AATI is based in Ankeny, Iowa and employs 101 employees.

The transaction is subject to customary closing conditions and regulatory approval.

Agilent Technologies, Inc. provides core bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries. The company, led by Michael R McMullen, Didier Hirsch and Darlene J S Solomon, in 2017 recorded $4.472 Billion Revenues.

The Davis Polk corporate team includes partner Stephen Salmon (Picture) and associates Emily Roberts and Katherine Schloss Ackerman. Partner Rachel D. Kleinberg and associate Joshua J. Micelotta are providing tax advice. Partner Veronica M. Wissel and associate Rina Fujii are providing executive compensation advice.

Involved fees earner: Stephen Salmon – Davis Polk & Wardwell; Emily Roberts – Davis Polk & Wardwell; Katherine Schloss Ackerman – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Joshua Micelotta – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Rina Fujii – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Agilent Technologies Inc.;

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Author: Ambrogio Visconti