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Oxford Instruments sells MBE equipment line to RIBER
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Oxford Instruments Plasma Technology Ltd (OIPT) has sold its Molecular Beam Epitaxy (MBE) product line to RIBER SA. Details of the sale were not disclosed however OIPT said that its MBE sales has averaged £1.2 million per annum in recent years.
OIPT also said that the sale was in-line with its plan to double the sales of the company in the coming years, pursuing faster business growth areas.
RIBER has recently focused on increasing its focus on MBE technology for scientific and compound semiconductor applications, having previously acquired ADDON. RIBER had first-half year sales of €5.2 million, with operating losses of €2 million.