Oxford Instruments Divests Spectroscopy Business

Oxford Instruments plc, a leading provider of high technology instrumentation for industry and research, has agreed to sell its Industrial Analysis business to Hitachi High-Technologies Corporation (‘HHT’) for a consideration of £80 million on a cash and debt free basis. HHT will acquire the companies, assets and liabilities that comprise the Industrial Analysis business.

The Industrial Analysis business unit is headquartered in Oxford, UK and supplies a range of handheld and bench-top instruments using X-ray Fluorescence (XRF), Laser Induced Breakdown Spectroscopy (LIBS) and Optical Emission Spectroscopy (OES) technologies for analysing materials in a broad range of industrial applications. They have research and development and assembly operations in Finland, Germany and China and sales and support operations in a number of countries around the world.

Ian Barkshire, Chief Executive of Oxford Instruments, said:
“The sale of the Industrial Analysis business follows the continued strategic review of our portfolio and is a key element in the ongoing transformation of Oxford Instruments. I am confident that our Industrial Analysis business can look forward to a bright future as part of Hitachi High-Technologies. We look forward to working with HHT’s management team to deliver a smooth transition of ownership.”