Quantum Design to acquire quantum business from Oxford Instruments for £60m.

Quantum Design, a provider of high-technology instrumentation for advanced scientific research application, agreed to acquire quantum business from Oxford Instruments, a United Kingdom manufacturing and research company that designs and manufactures tools and systems for industry and research, for £60m. "The sale of our NanoScience quantum business is in line with our strategy to focus and invest in the best areas of opportunity to grow the Group and create value for shareholders, and supports progress towards our medium-term margin targets. It is also consistent with our focus on our three core markets: materials analysis, semiconductor, and healthcare and life science," Richard Tyson, Oxford Instruments CEO.