Management buyout at Oxford Lasers

Oxford Lasers has been wholly acquired by its management team.

Oxford Lasers has been wholly acquired by its management team.

This follows a very successful period when sales have grown by over 60% in 12 months and the company has completely updated its product line.

New products include the advanced PicoLase micromachining system recently installed at the Manufacturing Engineering Centre, Cardiff, UK and the industry proven ProbeDrill series.

Previously the company was majority owned by private equity backers but following the new deal, the management team now owns 100% of the equity.

John Baker, Chief Executive of Oxford Lasers said: "We are absolutely delighted".

"The company has an outstanding range of new products and services and we are ideally positioned to supply a complete range of laser solutions to our customers".

"We have had one of the most successful periods in the company's history and have clear plans to continue this strong growth".

Oxford Lasers was founded in 1977 by a team of Oxford physicists in order to exploit the significant advances in laser technology made by Professor Colin Webb's research group at the university.

In recent years the company has become a world leader in using advanced laser techniques in commercial applications.

Its goal is to supply complete technical solutions to its customers in the areas of precision laser micromachining and high speed imaging of small particles.

Oxford Lasers is based in Didcot UK and Boston, USA.

It has a wide distribution network in other countries, notably Japan.

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