Bloomberg News

Oxford Instruments Sees More Acquisitions Next Year, CFO Says

November 15, 2011

Nov. 15 (Bloomberg) -- Oxford Instruments Plc, a U.K. maker of testing and analytical equipment whose clients include Siemens AG and General Electric Co., will buy more companies next year, Group Finance Director Kevin Boyd said.

Oxford Instruments, which bought three companies this year, is looking at acquisitions “predominated by North America and Germany,” Boyd said in a phone interview today. The acquisitions will be in one of three areas that the company specialises in -- industrial products, nanotechnology and technology services.

“We have quite a long pipeline of targets,” Boyd said in a telephone interview today. “Certainly, I would see some more acquisitions next year.”

The company bought Platinum Medical Imaging LLC for $55 million this month. In June, it acquired Omicron NanoTechnology GmbH and its U.S. subsidiary Omniprobe Inc. for 32.4 million euros ($44 million).

--Editors: Tim Farrand, Peter Woodifield

To contact the reporter on this story: Namitha Jagadeesh at njagadeesh@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net


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