Oxford Devices acquires First Gentle Imaging SAS

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publication date: Jan 24, 2024


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creator/supply: Oxford Devices

 

Oxford Devices plc, a number one supplier of excessive know-how services and products to business and scientific analysis communities, has introduced the acquisition of First Gentle Imaging SAS (“First Gentle”), a scientific digicam specialist.

Primarily based close to Aix-en-Provence, France, and based in 2011, First Gentle specialises within the design and manufacture of high-speed, low-noise scientific cameras for infrared and visual imaging, with functions in astronomy and life sciences. It’ll grow to be a part of Oxford Devices Andor (“Andor”), with a standard international buyer base spanning main educational establishments and industrial corporations. Its cameras are extremely complementary to Andor’s present scientific digicam portfolio, with the acquisition offering alternatives to boost each corporations’ choices and to increase into adjoining markets.

Beneath the phrases of the acquisition, Oxford Devices is paying an preliminary money consideration of €15.7m, on a cash-free, debt-free foundation, with an extra €3m money consideration conditional on First Gentle’s buying and selling efficiency over a 12-month interval following completion. First Gentle’s estimated income for the 12 months to 31 December 2023 is €8.0m (£7.0m), with return on gross sales beneath the typical for the Group.

Richard Tyson, Chief Government Officer, Oxford Devices plc, stated:

“We’re delighted to welcome the gifted First Gentle group to Oxford Devices. Like us, they’ve a status and observe report for high quality, innovation and scientific experience, and their main vary of merchandise dovetails effectively with our scientific digicam portfolio. Becoming a member of forces will considerably improve our world-class digicam providing to our mixed buyer base and drive First Gentle’s subsequent part of progress as a part of the broader Group.

“Our expanded portfolio will assist us speed up our prospects’ roadmaps within the life science market and in bodily sciences, a long-standing space of energy for Oxford Devices.”

David Boutolleau, co-founder of First Gentle, stated:

“Becoming a member of Oxford Devices and Andor is an actual alternative for First Gentle Imaging.

“After 12 years constructing First Gentle as a profitable impartial enterprise, it turned clear that to take the enterprise to the following stage of its growth, we would wish industrial and industrial assist to strengthen our manufacturing, know-how and routes to market.

“Our acquisition by Oxford Devices Andor accelerates our progress and secures our future for our prospects, companions and workers.”

 

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