Disposal

RNS Number : 6245G

Oxford Instruments PLC

24 November 2015

 

Oxford Instruments plc

Disposal of Austin Scientific ("Austin")

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today announces that it has completed the disposal of its non-core Austin business for a cash consideration of $1.3 million.

In the six months to September 2015 Austin had revenues of £1.7 million and made an operating loss of £0.4 million.

The business was classified as discontinued and 'held for sale' in Oxford Instruments' Half Year accounts.

Enquiries:

Oxford Instruments plc                                                          Tel:  [phone]

Jonathan Flint, Chief Executive

Kevin Boyd, Group Finance Director

MHP Communications                                                            Tel:  [phone]

Rachel Hirst / Jamie Ricketts

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Issued for and on behalf of Oxford Instruments plc

Notes to Editors  

About Oxford Instruments plc

Oxford Instruments designs, supplies and supports high-technology tools and systems with a focus on research and industrial applications. Innovation has been the driving force behind Oxford Instruments' growth and success for over 50 years, and its strategy is to effect the successful commercialisation of these ideas by bringing them to market in a timely and customer-focused fashion. 

The first technology business to be spun out from Oxford University, Oxford Instruments is now a global company and is listed on the London Stock Exchange (OXIG).  Its objective is to be the leading provider of new generation tools and systems for the research and industrial sectors with a focus on nanotechnology. Its key market sectors include nano-fabrication and nano-materials. The company's strategy is to expand the business into the life sciences arena, where nanotechnology and biotechnology intersect.

This involves the combination of core technologies in areas such as low temperature and high magnetic field environments; Nuclear Magnetic Resonance; X-ray, electron, laser and optical based metrology; atomic force microscopy; optical imaging; advanced growth, deposition and etching.

Oxford Instruments aims to pursue responsible development and deeper understanding of our world through science and technology. Its products, expertise, and ideas address global issues such as energy, environment, security and health.  

 

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