Corporate Banner
Satellite Banner
Scientific Communities
Become a Member | Sign in
Home>News>This Article

Oxford Instruments Acquires Asylum Research

Published: Tuesday, December 18, 2012
Last Updated: Tuesday, December 18, 2012
Bookmark and Share
Acquisition is expected to be completed before the end of December 2012.

Asylum Research has announced that it has been acquired by Oxford Instruments plc.

The acquisition is subject to customary conditions of the London Stock Exchange and is expected to be completed before the end of December 2012.

Asylum Research is being acquired from its management for an initial debt free, cash free consideration of US$32.0 million with a deferred element of up to US$48.0 million payable over three years dependent on its performance over that period.

Asylum Research generated Earnings Before Interest and Taxation (EBIT) of $1.1 million in the twelve months to December 31, 2011 from revenue in the same period of $19.6 million. It had gross assets of $6.2 million as at December 31, 2011.

The acquisition will be funded from existing facilities. Asylum Research will remain in Santa Barbara, CA and keep its current management structure with co-founders Dick Clark, Chief Financial Officer, Roger Proksch, President, and Jason Cleveland, Chief Executive Officer.

"We are very excited about joining Oxford Instruments," commented Dick Clark, co-founder and Chief Financial Officer. "The synergies between our companies is extensive and we're looking forward to joining this elite company that has proven leadership in the scientific instrumentation business."

Commenting on the acquisition, Jonathan Flint, Chief Executive of Oxford Instruments, stated, "the acquisition of Asylum Research significantly increases our footprint in the nanotechnology space and complements our strong position in electron microscopes with a presence in another fundamental nanotechnology measurement technique. The acquisition also gives us access to the rapidly growing bio-nano market as it allows customers to perform analysis of organic samples in their natural liquid environments, something which cannot readily be done using electron microscopes."

Added Roger Proksch, President of Asylum Research, "it was clear from the beginning of our talks that Asylum Research and Oxford Instruments both share the same core values while providing world class customer support and service, and making the most technologically-advanced instruments. We are looking forward to joining their team and getting the best AFMs to scientists faster and with even more capabilities."

"I would like to thank all our customers, employees and business associates for getting us to this point in our company history," said Jason Cleveland, Chief Executive Officer of Asylum Research.

Cleveland continued, "Our passion for science has always been at Asylum's forefront. Partnering with Oxford Instruments will allow us to do an even better job at bringing instrumentation to scientists for discoveries that will ultimately lead to amazing innovations.”

Further Information
Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 2,800+ scientific posters on ePosters
  • More Than 4,000+ scientific videos on LabTube
  • 35 community eNewsletters

Sign In

Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Asylum Research Hosts a Webinar on March 20
Company will host “Atomic Force Microscopy Imaging and Nanomechanics with blueDrive™ Photothermal Excitation” webinar.
Friday, March 07, 2014
Asylum Research Announces the Hire of Scientist Florian Johann
New Applications Scientist hired for atomic force microscopy applications in Germany/continental Europe.
Thursday, August 08, 2013
Asylum Announces AFM Business Manager
New manager Dr. Ben Ohler will oversee the Asylum MFP-3D family of products.
Friday, July 05, 2013
Asylum Announces Ben Ohler as AFM Business Manager
Ohler will oversee the Company’s MFP-3D family of products.
Thursday, May 30, 2013
Asylum Research Appoints Amir Moshar
Company appoints Amir to west coast US technical sales.
Friday, March 29, 2013
Asylum Research Introduces the AFM Industry’s First Five-Year Instrument Warranty
New warranty coverage sets a new and higher standard for customer protection.
Monday, November 12, 2012
Asylum Research Appoints ATSL as its Exclusive Israeli Distributor
Asylum appoints Advanced Technological Solutions Ltd. as distributor as part of its ongoing expansion.
Tuesday, July 17, 2012
Asylum Research Appoints SRC as its Exclusive Canadian Distributor
Spectra Research Corporation offers sales, service and technical support across the country.
Thursday, June 07, 2012
Asylum Research Installs Dual AFMs at CSI, Technische Universität Darmstadt
CSI group will use the Asylum AFM to probe fluid-surface interactions at the nanometer scale.
Thursday, December 09, 2010
Asylum Research Announces Grant Offering for its Band Excitation Technique
New grant program for early adopters to explore the capabilities and applications of the new Band Excitation technique.
Monday, November 23, 2009
Abu Dhabi Institute Chooses Asylum Research MFP-3D™ AFM and NanoIndenter
MFP-3D-SA will be used for three-dimensional measurements of different solid state materials at the nanometer scale.
Monday, September 07, 2009
Cypher Atomic Force Microscope Wins R&D100 Award for Asylum Research
Asylum Research and R&D Magazine announces that the Asylum’s Cypher AFM has been awarded the R&D100 Award for 2009.
Thursday, July 23, 2009
Dr. Mick Phillips Appointed as Applications Scientist for Asylum Research UK
Dr. Phillips will provide technical support for Asylum’s customers, as well as assisting customers with specialized experiments via Asylum’s open software environment.
Friday, June 26, 2009
London’s Natural History Museum Chooses Asylum Research MFP-3D™ AFM
The museum acquires Asylum’s MFP-3D Stand Alone AFM to expand on their range of research tools to study nanomaterials.
Wednesday, June 24, 2009
Asylum Research UK Expands Office to Bicester, Oxfordshire
Asylum’s UK subsidiary is moving and expanding its offices to accommodate staff and demonstration equipment, including the new Cypher™ AFM.
Thursday, May 21, 2009
Scientific News
High Throughput Mass Spectrometry-Based Screening Assay Trends
Dr John Comley provides an insight into HT MS-based screening with a focus on future user requirements and preferences.
How a Genetic Locus Protects Adult Blood-Forming Stem Cells
Mammalian imprinted Gtl2 protects adult hematopoietic stem cells by restricting metabolic activity in the cells' mitochondria.
Genetic Basis of Fatal Flu Side Effect Discovered
A group of people with fatal H1N1 flu died after their viral infections triggered a deadly hyperinflammatory disorder in susceptible individuals with gene mutations linked to the overactive immune response, according to a recent study.
New Tech Vastly Improves CRISPR/Cas9 Accuracy
A new CRISPR/Cas9 technology developed by scientists at UMass Medical School is precise enough to surgically edit DNA at nearly any genomic location, while avoiding potentially harmful off-target changes typically seen in standard CRISPR gene editing techniques.
The MaxSignal Colistin ELISA Test Kit from Bioo Scientific
Kit can help prevent the antibiotic apocalypse by keeping last resort drugs out of the food supply.
"Good" Mozzie Virus Might Hold Key to Fighting Human Disease
Australian scientists have discovered a new virus carried by one of the country’s most common pest mosquitoes.
Non-Disease Proteins Kill Brain Cells
Scientists at the forefront of cutting-edge research into neurodegenerative diseases such as Alzheimer’s and Parkinson’s have shown that the mere presence of protein aggregates may be as important as their form and identity in inducing cell death in brain tissue.
Closing the Loop on an HIV Escape Mechanism
Research team finds that protein motions regulate virus infectivity.
New Class of RNA Tumor Suppressors Identified
Two short, “housekeeping” RNA molecules block cancer growth by binding to an important cancer-associated protein called KRAS. More than a quarter of all human cancers are missing these RNAs.
Potential Treatment for Life-Threatening Viral Infections Revealed
The findings point to new therapies for Dengue, West Nile and Ebola.
Scroll Up
Scroll Down
Skyscraper Banner

Skyscraper Banner
Go to LabTube
Go to eposters
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
2,800+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,000+ scientific videos