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The Business Magazine July 2024
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Oxford Instruments set to acquire Swiss-based FemtoTools AG

The Business Magazine article image for: Oxford Instruments set to acquire Swiss-based FemtoTools AG
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12 June 2024
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Oxford Instruments, the Abingdon-based company, which supplies high-tech products and systems, is set to buy Swiss-based FemtoTools AG (FemtoTools), a developer of nanoindentation instruments, for an initial initial cash consideration of CHF17 million (Swiss Francs).

Founded in 2007, FemtoTools specialises in the design and manufacture of high-speed, precision nanoindenters, which enable imaging of intricate microstructures for materials research and semiconductor applications.

READ MORE: Oxford Instruments full-year trading ‘in line with expectations’

The company will become part of Oxford Instruments' imaging and analysis division, where its products are highly complementary.

"Joining Oxford Instruments is a great opportunity for FemtoTools to quickly reach new customers who are already using Oxford Instruments' tools," said Felix Beyeler, co-founder of FemtoTools.

"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."

Richard Tyson, CEO at Oxford Instruments, added: "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."

Oxford Instruments will pay an initial cash consideration of CHF 17million, on a cash-free, debt-free basis, with a further CHF 7 million payable conditional on FemtoTools' performance over a 33-month period.

FemtoTools' audited revenue for the 12 months to December 31 last year was CHF 10.6m (£9.3m), with return on sales slightly below the average for the group.

Completion of the deal is subject to certain conditions, which are expected to be satisfied within the next four weeks.


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Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.

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