Verano Acquires Agilent's Automation Integration Software Business

Verano and Agilent Technologies Inc. announced that Verano has acquired Agilent's Automation Integration Software (AIS) business. AIS is a division of Agilent Technologies Canada Inc., based in Calgary, Alberta, and is a provider of software products that enable realtime services for the management and integration of industrial processes and their synchronization with enterprise and e-business processes. Financial terms of the acquisition were not disclosed.

Under the terms of the agreement, Verano will acquire the assets of Agilent's AIS business, including key technologies and products and a license to AIS' intellectual property. Verano will maintain the AIS operations in Calgary while functionally integrating all managers and employees into Verano's operations. Verano will continue to sell and support existing AIS products and will provide customer, technical and sales support to current AIS customers. As part of the acquisition consideration, Agilent will take an equity stake in Verano.