REG - Oxford Instruments - Oxford Instruments plc to acquire FemtoTools AG

Oxford InstrumentsAnnouncement

11/06/2024 07:15

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RNS Number : 8845R  Oxford Instruments PLC  11 June 2024

Oxford Instruments plc to acquire FemtoTools AG

 

Oxford Instruments plc ("the Group", "Oxford Instruments"), a leading provider
of high technology products and services to industry and scientific research
communities, today announces that it has entered into an agreement to acquire
FemtoTools AG ("FemtoTools"), a developer of nanoindentation instruments.
Completion is subject to certain closing conditions which are expected to be
satisfied within the next four weeks.

Based in Zurich, Switzerland, and founded in 2007, FemtoTools specialises in
the design and manufacture of high-speed, precision nanoindenters. These
enable the imaging of mechanical properties of intricate microstructures for
materials research and semiconductor applications. FemtoTools will become part
of Oxford Instruments' Imaging & Analysis division, with a common global
customer base spanning leading academic institutions and commercial companies.
Its products are highly complementary to Oxford Instruments' imaging and
analysis portfolio, and are used in conjunction with other tools offered by
the Group, including electron microscope micro-analysers and Raman
microscopes.

Under the terms of the acquisition, Oxford Instruments is paying an initial
cash consideration of CHF 17m, on a cash-free, debt-free basis, with a further
CHF 7m consideration conditional on FemtoTools' performance over a 33-month
period following completion. FemtoTools' audited revenue for the 12 months to
31 December 2023 was CHF 10.6m (£9.3m), with return on sales slightly below
the average for the Group.

Richard Tyson, Chief Executive Officer, Oxford Instruments plc, said:

"We are delighted that FemtoTools will be joining Oxford Instruments to add to
our armoury of materials analysis techniques. The specialist capabilities
Felix, Simon and the team have developed will be an excellent addition to our
portfolio, enabling us to provide our customers with an even richer range of
insights."

Felix Beyeler, co-founder of FemtoTools, said:

"Joining Oxford Instruments is a great opportunity for FemtoTools to quickly
reach new customers who are already using Oxford Instruments' tools.  Oxford
Instruments' leading reputation and international presence is a great
springboard for our next stage of growth and we are super-excited for our
future here."

 

 

- 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

Katie Hunt/Eleni Menikou/Veronica Farah/Tim Rowntree

oxfordinstruments@mhpc.com (mailto:oxfordinstruments@mhpc.com)

 

 

 

 

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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