On Sept. 19, 2013, Agilent Technologies announced plans to separate into two publicly traded companies through a tax-free spinoff of its electronic measurement business. The new company, Keysight Technologies, began operating as a wholly owned subsidiary of Agilent on Aug. 1, 2014 with a full separation anticipated in early November 2014. Keysight is expected to trade on the NYSE under the symbol KEYS. It will remain a wholly owned subsidiary of Agilent Technologies until early November when the separation is expected to be completed and Keysight begins trading on the NYSE under the symbol KEYS. Keysight will handle all the electronic measurement equipment, whereas Agilent will continue with its broad line of chemical analysis equipment.
"As we launch our new company, we are mindful of our rich heritage as part of Agilent and prior to that, Hewlett-Packard," said Ron Nersesian, Keysight president and CEO. "We are also mindful of our responsibility and commitment to our stakeholders including customers, our shareholders and our employees. We look forward to the many opportunities ahead that will allow us to focus solely on electronic measurement and showcase the leading-edge technologies that our customers have come to expect."
Keysight is a global electronic measurement technology company helping to transform its customers' measurement experience through innovation in wireless, modular, and software solutions. Keysight provides electronic measurement instruments and systems and related software, software design tools and services used in the design, development, manufacture, installation, deployment and operation of electronic equipment.