April 6, 2001 – Boblingen, Germany – Agilent Technologies Inc. has completed its $55 million acquisition of Gefran Silicon Micro Systems S.r.l., a subsidiary of Gefran S.p.A. of Provaglio d’Iseo, Italy.
The acquisition of the fiber-optic-technology laboratory in Northern Italy is part of Agilent’s continuing investment in the high-growth fiber optic area, according to the German firm.
Agilent Technologies has approximately 47,000 employees with customers in more than 120 countries. Agilent designs and manufactures test, measurement and monitoring instruments, systems and solutions, as well as semiconductor and optical components.
In FY2000, Agilent had net revenue of $10.8 billion.
According to Agilent, the acquisition of Gefran Silicon will allow Agilent time-to-market advantages in expanding its fiber-optics components offerings. Gefran Silicon will be part of Agilent’s Turin Technology Center, which focuses on fiber-optic tech used in communications networks.