Completion of acquisition of FemtoTools AG
Source: RNS
1 July 2024
Oxford Instruments plc completes acquisition of FemtoTools AG
Oxford Instruments plc ("the Group", "Oxford Instruments"), a leading provider of high technology products and services to industry and scientific research communities, is pleased to confirm that it has completed the acquisition of FemtoTools AG ("FemtoTools"), announced on 11 June 2024, following the satisfactory conclusion of closing conditions.
FemtoTools, based in Zurich, Switzerland, specialises in nanoindentation, a technique used to measure and image the properties of materials for research and semiconductor applications. It joins Oxford Instruments' Imaging & Analysis division, where its products will be sold alongside the Group's existing range of materials analysis tools, including electron microscope micro-analysers and Raman microscopes.
Richard Tyson, Chief Executive Officer, Oxford Instruments plc, said:
"We are delighted to have completed the acquisition of FemtoTools. We welcome our new colleagues and look forward to working with them to integrate nanoindentation - a new technique to Oxford Instruments - into our extensive portfolio of materials analysis capabilities."
Felix Beyeler, co-founder of FemtoTools, said:
"The team and I are very excited for the journey ahead as part of Oxford Instruments. Working together will enable us to extend the reach of our technology and provide even richer analysis to our combined customer base."
- Ends -
Issued for and on behalf of Oxford Instruments plc
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Richard Tyson, CEO
Gavin Hill, CFO
Stephen Lamacraft, Head of Investor Relations
MHP Tel: 020 3128 8100
Tim Rowntree/Katie Hunt/Eleni Menikou/Veronica Farah
Notes to Editors
About Oxford Instruments plc
Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: Materials Analysis, Healthcare & Life Science and Semiconductors.
Innovation is the driving force behind Oxford Instruments' growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world. The vigorous search for new ways to make our world greener, healthier and more productive is driving unprecedented levels of R&D investment in new materials and techniques to support productivity and decarbonisation worldwide, creating a significant opportunity for Oxford Instruments to grow.
Oxford Instruments holds a unique position to anticipate global drivers and connect academic researchers with commercial applications engineers, acting as a catalyst that powers real world progress.
Founded in 1959 as the first technology business to be spun out from Oxford University, Oxford Instruments is now a global company listed on the FTSE250 index of the London Stock Exchange (OXIG).
For more information, visit www.oxinst.com
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