Agilent Technologies and Yokogawa Electric announced that their joint venture, Yokogawa Analytical Systems, will become a wholly owned Agilent subsidiary effective Feb. 1, 2006. Yokogawa will receive approximately $106 million from this transaction, including $98 million from Agilent for its 49-percent share in the joint venture and $7.5 million in dividends from the joint venture. Yokogawa Analytical Systems was founded in 1992 and makes the ICP/MS, an advanced analytical system used in gas chromatography for laboratory and other scientific applications.