NEW YORK (GenomeWeb News) – Agilent Technologies announced today that it will split into two publicly-traded companies — one focused on its life science and diagnostics business and the other on its electronic measurement business.

The life sciences and diagnostics business, which also includes applied markets, has annual revenues of around $3.9 billion. It will retain the Agilent name, and current Agilent CEO William Sullivan will retain the same role and also serve as president of the company. CFO Didier Hirsch also will continue as CFO.

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