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Agilent Technologies Inc.. (12/21/11). "Press Release: Agilent Technologies Expands Vacuum Products Portfolio with Acquisition of Pump Maker P.V.R.". Santa Clara, CA.

Organisation Organisation P.V.R. S.r.l.
Products Product vacuum pump
  Product 2 analytical instrument
Index terms Index term P.V.R.–Agilent: investment, 201112 acquisition €na
  Index term 2 Varian–Agilent: investment, 200907–201005 acquisition $1.5b in cash $52/share
Persons Person Levi, Giampaolo (Agilent 201008 VP + General Manager Vacuum Products Division)
  Person 2 Severgnini, Stefano (P.V.R. s.r.l. –201112 Managing Director)
     


Agilent Technologies Inc. (NYSE: A) today announced it has acquired P.V.R. s.r.l., a long-established vacuum pump manufacturer based in Valmadrera, Italy. The addition of P.V.R., a privately held company, expands Agilent's vacuum products portfolio for industrial applications. Financial details of the transaction were not disclosed.

P.V.R. began designing and manufacturing vacuum pumps in the 1960s. Its current portfolio includes rotary vane vacuum pumps for the industrial market, as well as oil-free micro pumps, rotary lobe vacuum pumps, dry rotary claw vacuum pumps, central vacuum systems, and vacuum accessories for the food, paper, chemical and other industries.

Agilent's Vacuum Products Division has had an original equipment manufacturer relationship with P.V.R. since 2008. Agilent gained its vacuum division as part of the Varian Inc. acquisition in 2010.

"P.V.R. has been a trusted partner for years," said Giampaolo Levi, Agilent's vice president and general manager, Vacuum Products Division. "Joining together as one company will only accelerate our innovations and increase our ability to serve customers faster and better with a broader range of solutions. This acquisition is a very good example of the whole being greater than the sum of its parts."

P.V.R.'s products complement Agilent's existing vacuum portfolio, which includes high vacuum pumps, dry and wet primary pumps, and vacuum instrumentation. The acquisition also brings Agilent a significant vacuum customer base in the growth markets of Asia.

"By joining Agilent, our business will grow to the next level," said Stefano Severgnini, former managing director of P.V.R. "We will benefit from Agilent's global distribution channels and brand, which will help our business expand to new regions and more customers. And we value Agilent's ongoing investments in R&D, ensuring that its vacuum technology leads the market."

P.V.R.'s 38 employees have now joined a wholly owned subsidiary of Agilent in Italy.


About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in chemical analysis, life sciences, electronics and communications. The company's 18,700 employees serve customers in more than 100 countries. Agilent had net revenues of $6.6 billion in fiscal 2011. Information about Agilent is available at www.agilent.com.

# # #

Contact:

Eric Endicott
+1 408 553 2005
eric_endicott@agilent.com

Investor Contact:

Alicia Rodriguez
+1 408 345 8948
alicia_rodriguez@agilent.com

   
Record changed: 2016-03-19

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