Oxford Instruments PLC Completion of the Acquisition of WITec (4436K)

TIDMOXIG

RNS Number : 4436K

Oxford Instruments PLC

01 September 2021

1 September 2021

Completion of the Acquisition of WITec

Oxford, 1 September 2021; Oxford Instruments plc, a leading provider of high-technology solutions, information and services for industry and research is pleased to confirm the completion of the acquisition of WITec Wissenschaftliche Instrumente und Technologie GmbH and all its Group companies, following regulatory approval from the Federal Ministry for Economic Affairs and Energy (BMWi) in Germany and satisfaction of other closing conditions, details of which were announced on 16 June 2021.

Dr Ian Barkshire, Chief Executive, Oxford Instruments said, "We are delighted to complete the acquisition of WITec and welcome our new colleagues to Oxford Instruments. WITec's leading Raman microscopy solutions are a great complement to our existing products and techniques. We look forward to growing the business through investment in R&D as well as enabling them to reach new customers through our global sales and service channels, thereby supporting our customers in facilitating a greener economy, achieve increased connectivity, improved health and leaps in scientific understanding."

- Ends -

Issued for and on behalf of Oxford Instruments

   Oxford Instruments plc                                                          Tel:  [phone] 

Ian Barkshire, Chief Executive

Gavin Hill, Group Finance Director

   MHP Communications                                                            Tel:  [phone] 

Katie Hunt/ James Midmer/ Florence Mayo

[e-mail]

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 60 years, supporting its core purpose to address some of the world's most pressing challenges.

The first technology business to be spun out from Oxford University, Oxford Instruments is now a global company and is listed on the FTSE250 index of the London Stock Exchange (OXIG). Its strategy focuses on being a customer-centric, market-focused Group, understanding the technical and commercial challenges faced by its customers. Key market segments include Semiconductor & Communications, Advanced Materials, Healthcare & Life Science, and Quantum Technology.

Oxford Instruments' portfolio includes a range 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; and advanced growth, deposition and etching.

Oxford Instruments is helping enable a greener economy, increased connectivity, improved health and leaps in scientific understanding. Their advanced products and services allow the world's leading industrial companies and scientific research communities to image, analyse and manipulate materials down to the atomic and molecular level, helping to accelerate R&D, increase m anufacturing productivity and make ground-breaking discoveries.

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September 01, 2021 10:48 ET (14:48 GMT)