Oxford Lasers has been wholly acquired by our own management team.
Oxford Lasers, which provides laser-based solutions for micromachining and imaging-based instrumentation, has been wholly acquired by its management team. The MBO follows a successful period when sales have grown by over 60% in the past 12 months and the company has completely updated its product line.
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, CEO at the company, said, "Oxford Lasers has an outstanding range of products and services and we are well positioned to supply a complete range of laser solutions to customers. We have recently enjoyed one of the most successful periods in the company's history and have clear plans to continue this growth."
Law firm Wragge & Co LLP provided legal advice on Oxford's MBO transaction.