OXIG Oxford Instruments Plc

RNS No 6334t
OXFORD INSTRUMENTS PLC
5th March 1999



  Oxford Instruments plc sells its Nuclear Measurements business

Oxford Instruments plc, the advanced instrumentation company,
announced today that it has agreed the sale of its Nuclear
Measurements business ("NMG") to Canberra Industries ("Canberra"),
a division of Packard BioScience Company based in Meriden,
Connecticut, USA.

Canberra will pay $9.5 million in cash for the net operating
assets of the business. In the year to 31 March 1998 NMG made an
operating loss of $0.1 million on turnover of $11.0 million. The
sale involves transfer of assets valued at $3.6 million but
excludes the property at Oak Ridge, Tennessee.

NMG manufactures high purity germanium material, germanium
detectors and instrumentation systems and components for the
measurement of nuclear radiation.  It was acquired originally in
1989 when Oxford Instruments purchased the Link Scientific Group,
which also contained the Link Microanalysis business.

Oxford Instruments plc Chief Executive Andrew Mackintosh said:

"NMG has some outstanding people and products but has been finding
it hard to grow a sustainably profitable business in a
consolidating market place.

The sale will allow us to concentrate our resources on our world-
leading instrumentation businesses."


Enquiries:
Oxford Instruments plc
Tel:  01865 881437
Fax:  01865 881944
Peter Williams, Chairman
Andrew Mackintosh, Chief Executive
Martin Lamaison, Financial Director

Citigate Dewe Rogerson
Tel: 0171 638 9571
Fax:  0171 282 8115
John Rudofsky



END



DISBSGBXUGGCCCU

Oxford Instruments (LSE:OXIG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024

Oxford Instruments (LSE:OXIG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024