|NDT.net||October 2004, Vol. 9 No.10|
Metorex International OY
Press Release Dated: 14th September 2004
Oxford Instruments Analytical has acquired substantially all of the share capital of Metorex International OY.
Metorex is based near Helsinki, Finland, with subsidiaries in USA and Germany. It is a leading international supplier of advanced instrumentation solutions and key components for chemical analysis and rapid elemental identification, primarily using X-ray technology. The company has built a strong market position in a number of market segments, including the sorting of alloys and the growing markets for recycling which are being driven by new environmental legislation.
The acquisition will complement the Oxford Instruments’ existing business in these segments, further enhancing the scale and market share of the company. Furthermore, Metorex’s proprietary detector technology, developed over many years in partnership with the European Space Agency, will add significant competitive advantage to Oxford Instruments’ existing range of products. Andrew Mackintosh, Chief Executive of Oxford Instruments plc, said “The integration of Metorex into our Analytical business is another important step in our strategy to strengthen our position the market for chemical analysis using compact X-ray based instrumentation. Our combined distribution and customer support strengths across the world will allow us to enhance further our service to customers, while Metorex’s strong development capability will allow us to accelerate the introduction of new products into new markets being created by environmental legislation.”
Oxford Instruments plc