Sale of its Industrial Analysis business to

On 26 April 2017, Oxford Instruments plc ("Oxford Instruments" or "the Company") announced that it has agreed to sell its Industrial Analysis business to Hitachi High-Technologies Corporation ("HHT") for a consideration of £80 million on a cash and debt free basis. HHT will acquire the companies, assets and liabilities that comprise the Industrial Analysis business.

Duff & Phelps served as exclusive financial advisor to Oxford Instruments with respect to the sale of its Industrial Analysis business.The transaction is subject to a number of regulatory approvals and completion of a pre-sale reorganization to carve out the relevant businesses and is expected to close mid-2017.

Gavin Hill, Group Finance Director of Oxford Instruments, commented: “Duff & Phelps has run a first-class competitive sale process, which will result in a successful outcome for Oxford Instruments. They are experienced in their anticipation of the issues to address in a carve-out situation, insightful in their positioning of the business and well-connected with the leading industry players. Their team has coordinated superbly with us and our other advisors to ensure that every aspect of the transaction was managed in a smooth and successful way.”

Paul Teuten, Managing Director at Duff & Phelps, said: “We are delighted to advise Oxford Instruments on such an important transaction, resulting in a sale to Hitachi High-Technologies. The Industrial Analysis business is a world leader in analytical instrumentation and this deal cements our reputation as a leading advisor to the industrial technology sector. This is a complex carve-out of a global business and demonstrates our cross border carve-out experience to good effect.”  

About Oxford Instruments plc

Oxford Instruments plc is listed on the London Stock Exchange and is a leading global provider of high technology solutions, information and services for industry and research. Following the sale, its core businesses will be focused on NanoTechnology Tools and Service, enabling leading-edge solutions to be realized by their customers in applications at the nano-scale.

About the Industrial Analysis Business

The Industrial Analysis business is a leading global provider of handheld and bench-top instruments using X-ray Fluorescence (XRF), Laser Induced Breakdown Spectroscopy (LIBS) and Optical Emission Spectroscopy (OES) technologies for analyzing materials in a broad range of industrial applications. The business is headquartered in Oxford, UK, with global operations.

About Hitachi High-Technologies

Hitachi High-Technologies provides state-of-the-art technologies and solutions in the fields of Life Science, Bio Technologies and Industrial Automation. HHT is a member of the Hitachi group of companies and trades on the Tokyo Stock Exchange. HHT operates through four business domains: Science and Medical Systems, Electronic Device Systems, Industrial Systems, and Advanced Industrial Products.

2017-04-26T04:00:00.0000000 /-/media/assets/images/transactions/2017/oxford-instruments.jpg /-/media/assets/images/transactions/2017/hitachi-high-tech.jpg /about-us/transactions/m-and-a/sell-side-advisor-oxford-instruments case study {D3AE3EC6-3254-4441-B111-1AF8D558906C} {D59CA77E-C551-45A3-BE89-F567210C5A60} {88B1DCD1-CC05-44B0-BFD7-10D68035E429} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {F111AE90-07F6-43BB-925E-2DF903582C82}

Other Areas We Can Help

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services
Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance

Related Case Studies

Financial and Operational Restructuring

Duff & Phelps Advised Cristian Lay on its acquisition of Grupo Gallardo to KKR

Duff & Phelps Advised Cristian Lay on its acquisition of Grupo Gallardo to KKR on the standstill agreement between all lenders, assist with cash management, financial due diligence and operational due diligence.

Duff & Phelps Advised Cristian Lay on its acquisition of Grupo Gallardo to KKR

Insights

M&A Advisory

Israel Transactions Insights – Fall 2020

M&A Advisory
M&A advisory

Global Software Sector Update - Fall 2020

M&A advisory
M&A Advisory

Staffing Industry Insights – Fall 2020

M&A Advisory
Valuation Insights

U.S. Security and Exchange Commission’s Fund Valuation Modernization Proposal

Valuation Insights

News