Keysight Technologies is the name selected by Agilent Technologies for the electronic measurement company that it expects to spin off early November 2014.
Agilent said, "The new company's tagline, 'unlocking measurement insights for 75 years,' commemorates the 1939 birth of the original Hewlett-Packard Company, from which Keysight originated."
In September 2013, Agilent announced the plan to separate into two publicly traded companies via a tax-free spinoff of its electronic measurement business, which faces weakening demand. Agilent will retain its faster-growing life sciences, diagnostics and chemical analysis business.
Ron Nersesian is designated as president and CEO of Keysight, which will focus on three broad test and measurement markets: the wireless data ecosystem, aerospace and defense, and industrial, computers and semiconductors.
Keysight will include the entire portfolio of Agilent electronic measurement products and what Agilent described as "the largest sales and support team in the test and measurement industry." Keysight will have some 9,500 employees in 30 countries. It will be based in Santa Rosa, Calif. Agilent currently has 26,000 employees and customers in more than 100 countries.
The overall communications test and measurement market continues to grow, driven by demand from the wireless sector. MarketsandMarkets is forecasting the overal market will expand to $5.51 billion in 2018, up from $3.75 billion in 2013. Market drivers include "rapidly evolving communications standards; LTE network rollouts; demand for software defined modular instrumentation approach and increased bandwidth demand," MarketsandMarkets said.
For more:
- see this Agilent release
- see this MarketsandMarkets release and webpage
Related articles:
Test equipment vendors line up to serve 802.11ac needs
Agilent, Altair announce LTE interoperability testing