Oxford Instruments Acquires First Light Imaging
Oxford Instruments has acquired specialist camera provider First Light Imaging. Following the acquisition, the company will become part of Oxford Instruments Andor, complementing the company’s existing scientific camera portfolio and enabling expansion into adjacent markets.
Under the terms of the acquisition, Oxford Instruments will pay an initial cash consideration of €15.7 million ($17.2 million), on a cash-free, debt-free basis, with a further €3 million cash consideration conditional on First Light’s trading performance over a 12-month period following completion.
The Oxford Instruments group comprises businesses including Andor Technology, Oxford Instruments Plasma Technology, and WITec. Its offerings include a range of optical imaging systems as well as cryostats and chemical vapor, ion beam, and atomic layer deposition tools.
In addition to scientific and life sciences research applications, First Light Imaging's products support applications in surveillance and machine vision, including hyperspectral imaging and thermography.
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