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Oxford Instruments sells Industrial Analysis business

26 April 2017 09:57

Oxford Instruments has agreed to sell its Industrial Analysis business to Hitachi High-Technologies Corporation (HHT) for £80m on a cash and debt free basis.

HHT would acquire the companies, assets and liabilities that comprised the Industrial Analysis business.

The Industrial Analysis business was a leading global provider 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 range of industrial applications.

At 9:57am: (LON:OXIG) Oxford Instruments PLC share price was +13p at 860.5p

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