3 November 2014

Keysight begins trading as independent company

Keysight Technologies Inc of Santa Rosa, CA, USA says that its separation from Agilent Technologies Inc of Santa Clara, CA, USA (first announced in September 2013) was completed on 1 November through a distribution of 100% of the outstanding common stock of Keysight (about 167.5 million shares) to Agilent shareholders of record as of the close of business on 22 October. Agilent shareholders received one share of Keysight common stock for every two shares of Agilent common stock they held. The newly independent company has begun ‘regular-way’ trading on the New York Stock Exchange (NYSE) under the ticker symbol KEYS.

Keysight provides electronic measurement technology and solutions for engineers, scientists, manufacturers, businesses, researchers and government agencies in more than 100 countries. Keysight’s electronic measurement instruments, systems, software and services are used in the design, development, manufacture, installation, deployment and operation of electronic equipment. Industry segments include communications; aerospace & defense; and industrial, computers and semiconductors. With 9700 staff and 12 R&D centers worldwide, the business had revenue of $2.9bn in fiscal 2013.

“As an independent company, the top opportunities within the electronic measurement market are now the top opportunities for Keysight,” says president & CEO Ron Nersesian. “With a 75-year heritage of market and technology leadership and our strong business model, we look forward to delivering superior value to our customers and shareholders.”

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Keysight begins operation as electronic measurement subsidiary of Agilent, prior to separation in November

Tags: Agilent EDA software

Visit: www.keysight.com