Varian sells electronics manufacturing business to Jabil

Palo Alto, CA—To better concentrate on its core technologies and repurchase shares, Varian Inc. reports that it has sold its electronics manufacturing business to Jabil Circuit Inc. for $195 million, pending a post-closing working capital adjustment.


Palo Alto, CA— Varian Inc. reports that it has sold its electronics manufacturing business to Jabil Circuit Inc. for $195 million, pending a post-closing working capital adjustment. Varian adds that selling its electronics unit will allow it to grow its scientific instruments and vacuum technologies divisions by focusing all its resources on these two divisions.

In addition, Varian previously announced that it would start to repurchase up to $145 million of its common stock when it completed the present divestiture. That repurchase program is now in effect, and replaces a previous authorization to repurchase up to 1 million shares, of which approximately 800,000 shares have been repurchased since Varian agreed to sell its electronics manufacturing business in February 2005.

Varian supplies scientific instruments and vacuum technologies for life science and industrial applications. The company provides complete solutions, including instruments, vacuum components, laboratory consumable supplies, software, training, and support through its global distribution system.

The company

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me