Cryogen-free technologies merger

Oxford Instruments plc has announced the acquisition of German cryogen-free equipment manufacturer VeriCold Technologies GmbH, as part of a strategy put in place to acquire complementary technologies and double the size of the company over 5 years.

VeriCold manufactures and markets a range of cryogen free products based on its pulse tube cooler technology and it is felt that these products will complement and broaden the extensive range of low temperature and high magnetic field instruments already available from Oxford Instruments NanoScience.

The world leader in pulse tube refrigerator manufacturing will remain at its location in Ismaning in Germany, significantly expanding its research and development group to serve the growing demand for cryogen-free technologies.

Dr Jim Hutchins, managing director of Oxford Instruments NanoScience, said, $quot;This acquisition is part of our on-going strategy to deliver added value to our customers and to focus on the commercialisation of our science. We are delighted that VeriCold will be joining us, and look forward to working with them to deliver an enhanced service to our customers.$quot;