Agilent to acquire Raman spectroscopy firm Cobalt Light Systems

Agilent Technologies has announced the acquisition of the UK-based Raman spectroscopy innovator Cobalt Light Systems.

Headquartered in Oxfordshire, Cobalt Light Systems is a provider of highly differentiated Raman spectroscopic instruments for the pharmaceutical industry, applied markets and public safety applications.

It offers benchtop and portable Raman spectroscopic instruments based on proprietary technologies that enable through-barrier identification of chemicals and materials, unlocking significant time, cost and resource savings.

The 40 million pound deal will see Cobalt chief executive Paul Loeffen remain with Agilent as director of Raman spectroscopy, while Oxford will become Agilent's new global centre for Raman spectroscopy.

Phil Binns, vice-president and general manager of Agilent's spectroscopy and vacuum solutions division, said: "This acquisition gives our customers access to state-of-the-art Raman spectroscopy technology. It also provides Agilent immediate entry into this fast-growing segment with a highly competitive, differentiated offering."

Cobalt's customers include more than 20 of the largest 25 global pharmaceutical companies, with the firm itself ranked as one of the UK's fastest-growing technology companies in 2014.

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