Agilent today announced that it has signed a definitive agreement to acquire the Agilent-related business from Young In Scientific Co. Ltd. YI Scientific is a leading distributor of analytical and scientific instruments in South Korea and a long-time distributor of Agilent instruments and services.
Founded in 1976, YI Scientific has grown into one of the largest distributors of analytical instruments, solutions and services in South Korea. Once the acquisition is final, former YI Scientific customers of Agilent products and related services in the South Korean market can look forward to an integrated sales and service portfolio directly from Agilent.
“YI Scientific has built a strong sales channel for Agilent products and services over many years,” said Lon Justice, Agilent’s vice president Laboratory Solutions Sales and Marketing. “Joining forces with our long-standing channel partner in South Korea provides Agilent with a solid foundation to address the needs of the growing analytical market in South Korea.”
“We are very committed to growing our service business in South Korea,” said Doug McDougall, Agilent’s vice president and general manager, Services and Support Division. “Together with YI Scientific, we believe we can provide an even better customer experience by streamlining processes and delivering top-tier service in a consistent way.”
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More than 100 employees from Young In and its affiliates are expected to join Agilent Technologies Korea Limited when the acquisition is final.
The transaction is subject to customary closing conditions. Financial terms of the deal are not being disclosed.
Date: August 20, 2018
Source: Agilent
