Oxford Instruments plc Interim Management Statement
Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today issues an Interim Management Statement which covers the period from 1 October 2012 to date.
The trend seen in the first half of the year has continued with growth in the Nanotechnology Tools sector and continued softness in the Industrial Products sector as reported in our half year statement. The Service sector continues to grow as we integrate our existing business with the Platinum Medical Imaging business that we acquired last year.
Our broad spread of geographies and technologies, and our strong pipeline of new products help us to remain resilient in the current uncertain economic environment. The Board anticipates that Oxford Instruments will continue to make good progress, in line with its expectations for the remainder of the financial year and consistent with its 14 cubed objectives.
On 17 December 2012 the Group announced the acquisition of Asylum Research Corporation ("Asylum Research"), a leading provider of Scanning Probe Microscopes (SPM) for an initial debt free, cash free consideration of US$32.0 million with a deferred element of up to US$48.0 million payable over three years dependent on its performance over that period.
Save as described in this statement, there has been no significant change in the financial position of the Group in the period.
Oxford Instruments plc
Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
Tel: 020 3128 8100
Rachel Hirst / Ian Payne