Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Acquisition of Technologies and Devices International, Inc.

Abstract:
Oxford Instruments plc ("Oxford Instruments" or "the Group"), the high technology tools and systems company, today announces the acquisition of Technologies and Devices International, Inc. ("TDI" or "the Company"), a US based company which is a world leader in the development of Hydride Vapour Phase Epitaxy (HVPE) technology and processes. Using this technology, Oxford Instruments intends to produce tools that enable suppliers of High Brightness Light Emitting Diodes (HBLEDs) to cut manufacturing times by 25%, allowing a reduction in the production costs of these environmentally friendly devices.

Acquisition of Technologies and Devices International, Inc.

UK | Posted on April 10th, 2008

Domestic and commercial lighting made from HBLEDs is currently about 10 times more efficient than tungsten bulbs and twice as efficient as Compact Fluorescent Lighting. Analysts predict that the market for HBLEDs will grow at a CAGR of 20% to 2012.

Oxford Instruments currently sells process tools to complete three of the nine steps needed to manufacture HBLEDs. This acquisition allows the Group to supply tools for a fourth step that has historically been the most time consuming and costly with a unique offering that will greatly enhance production efficiencies.

The consideration consists of an initial payment of US $1.0m cash, plus a cash earn-out, payable in July 2012 based on the sales of tools in the preceding financial year. The total consideration is capped at US $6.0m. TDI is currently owned by private individuals, predominately comprising members of the founder's family and employees. Oxford Instruments will assume the Company's debts at acquisition of US $2.2m.

For the year ended 30 June 2007, TDI made a loss before tax of US $0.8m. At 30 June 2007 gross assets were US $1.0m. It is estimated that losses will continue for the first year of the Group's ownership while process tools are developed but that the acquisition will be earnings enhancing in the second year.

Jonathan Flint, Chief Executive of Oxford Instruments plc, commented: "The acquisition of TDI is entirely consistent with the strategy put in place by the Oxford Instruments Board to acquire complementary technologies to support our objective to double the size of the Group over five years and improve EBIT margins by 10 percentage points. TDI is an excellent business with proprietary technologies in a market that is set to grow very significantly. We will be among the market leaders in this valuable and vital segment."

####

About Oxford Instruments plc
Oxford Instruments specialises in the design, manufacture and support of high-technology tools and systems for industry, research, education, space, energy, defence and healthcare.

We combine core technologies in areas such as low temperature and high magnetic field environments; X-ray, electron and optical based metrology; nuclear magnetic resonance, advanced growth, deposition and etching.

Our aim is to be the leading provider of tools and systems for the emerging nanotechnology and bioscience markets.

For more information, please click here

Contacts:
Oxford Instruments plc; Tel: 01865 393 200
Jonathan Flint Chief Executive
Kevin Boyd Group Finance Director


Hogarth Partnership; Tel: 020 7357 9477
Rachel Hirst
Andrew Jaques
Ian Payne

Copyright © Oxford Instruments plc

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

A drop of water as a model for the interplay of adhesion and stiction June 30th, 2016

No need in supercomputers: Russian scientists suggest a PC to solve complex problems tens of times faster than with massive supercomputers June 30th, 2016

Surprising qualities of insulator ring surfaces: Surface phenomena in ring-shaped topological insulators are just as controllable as those in spheres made of the same material June 30th, 2016

How cancer cells spread and squeeze through tiny blood vessels (video) June 30th, 2016

Display technology/LEDs/SS Lighting/OLEDs

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

New nanomaterial offers promise in bendable, wearable electronic devices: Electroplated polymer makes transparent, highly conductive, ultrathin film June 13th, 2016

Graphene-based transparent electrodes for highly efficient flexible OLEDS: A Korean research team developed an ideal electrode structure composed of graphene and layers of titanium dioxide and conducting polymers, resulting in highly flexible and efficient OLEDs June 5th, 2016

Nanotubes are beacons in cancer-imaging technique: Rice University researchers use spectral triangulation to pinpoint location of tumors May 21st, 2016

Announcements

A drop of water as a model for the interplay of adhesion and stiction June 30th, 2016

No need in supercomputers: Russian scientists suggest a PC to solve complex problems tens of times faster than with massive supercomputers June 30th, 2016

Surprising qualities of insulator ring surfaces: Surface phenomena in ring-shaped topological insulators are just as controllable as those in spheres made of the same material June 30th, 2016

How cancer cells spread and squeeze through tiny blood vessels (video) June 30th, 2016

Tools

How cancer cells spread and squeeze through tiny blood vessels (video) June 30th, 2016

Oxford Instruments and Dresden High Magnetic Field Laboratory collaborate to develop HTS magnet technology components for high field superconducting magnet systems June 29th, 2016

Texas A&M Chemist Says Trapped Electrons To Blame For Lack Of Battery Efficiency: Forget mousetraps — today’s scientists will get the cheese if they manage to build a better battery June 28th, 2016

FEI Launches Helios G4 DualBeam Series for Materials Science: The Helios G4 DualBeam Series features new capabilities to enable scientists and engineers to answer the most demanding and challenging scientific questions June 27th, 2016

Acquisitions/Mergers/Splits

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic