Oxford Instruments plc (LSE:OXIG) agreed to acquire FemtoTools AG for CHF 24 million on June 7, 2024. Under the terms of the acquisition, Oxford Instruments is paying an initial cash consideration of CHF 17 million, on a cash-free, debt-free basis, with a further CHF 7 million consideration conditional on FemtoTools performance over a 33-month period following completion. FemtoTools audited revenue for the 12 months to December 31, 2023 was CHF 10.6 million, with return on sales slightly below the average for the Group. The transaction is subject to certain closing conditions which are expected to be satisfied within four weeks of signing these financial statements.

Oxford Instruments plc (LSE:OXIG) completed the acquisition of FemtoTools AG on July 1, 2024.