Agilent drops a bombshell – big changes are coming for the NMR community

Agilent Technologies to Close Nuclear Magnetic Resonance Business SANTA CLARA, Calif., Oct. 14, 2014 Agilent Technologies Inc. (NYSE: A) today announced it is exiting its Nuclear Magnetic Resonance business. Agilent entered the NMR business in 2010, with the acquisition of Varian. Since then, the business has not met growth and profitability objectives. "Today's announcement represents a difficult decision necessary to drive improved profitability," said Mike McMullen, president and chief operating officer, and CEO-elect. "The NMR team has been extremely dedicated and has made many excellent contributions. However, this action is a step in ensuring that our investments are placed on higher-value life sciences, applied markets and diagnostics solutions that will continue to drive growth across the company." Agilent will stop taking new NMR system orders immediately, but the company will continue to meet customer commitments for orders in progress and for ongoing support contracts. Agilent will continue to provide service on all installed NMR systems. The company expects that this decision will eliminate about 300 jobs, mostly within the next 12 months. The majority of the affected positions are located in Yarnton, U.K., and Santa Clara, California. Today's announcement is part of Agilent's strategy to address the business shortfalls of…

Read More