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Philips Electronics to Buy Agilent Division for $1.7 Billion

Philips Electronics

(PHG) - Get Koninklijke Philips N.V. NY Registry Shares Report

agreed to buy


(A) - Get Agilent Technologies Inc. Report

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Healthcare Solutions Group

for $1.7 billion.

Philips, which is based in Amsterdam, will incorporate the Agilent unit's 400 health care products and services into its medical business,

Philips Medical Systems


Agilent's Healthcare Solutions Group has annual sales of $1.5 billion. The company's products and services include patient monitoring, ultrasound imaging and information management.