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Oxford buys nano-tech company
Technology group Oxford Instruments yesterday unveiled its £28.1m purchase of nano-technology group Omicron as it ploughs on with expansion plans. The acquisition will be part-funded by a share placing run by JP Morgan Cazenove, which raised £39m yesterday, the firm added. Oxford’s revenues rose 24 per cent to £262.3m in the year to the end of March, giving a pre-tax profit of £26.7m. Oxford said its figures were the strongest in its 51-year history, helping lift its shares 2.5 per cent.