OXIG Oxford Instruments Plc

RNS Number:4564M
Oxford Instruments PLC
19 June 2000
                            

            Oxford Instruments plc sells its
      cathodoluminescence and accessories business

                            
Oxford  Instruments  plc,  the  advanced  instrumentation
company,   announced  today  that   it   has   sold   its
cathodoluminescence and accessories business ("CL") based
in Oxford to Roper Industries Ltd ("Roper"), a subsidiary
of Roper Industries, Inc.

The  final consideration is expected to exceed  #2.0m  in
cash,  and  is  subject to the preparation of  completion
accounts.   In  the  year to 31 March  2000  CL  made  an
operating profit of #0.1m on turnover of #2.2m.  The sale
involves  the transfer of tangible net assets  valued  at
approximately #1.1m.

CL   manufactures  specialist   products   for   electron
microscopy   and  is  completely  separate  from   Oxford
Instruments' core microanalysis business.

Oxford  Instruments plc Chief Executive Andrew Mackintosh
said:

"The  disposal  of this business is consistent  with  our
recent  reorganisation and will allow increased focus  on
our   core   product  lines.   CL  has  some  outstanding
technology  and people and, under its new  ownership,  it
will be well placed to take advantage of opportunities in
its market place."


Enquiries:

Oxford Instruments plc  01865 881 437
Andrew Mackintosh
Martin Lamaison

Citigate Dewe Rogerson  020 7638 9571
John Rudofsky


END

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