Oxford Instruments has entered into a binding agreement to sell its NanoScience division—its quantum-focused business—to Quantum Design, International Inc. for £60 million ($81 million USD). This figure includes up to £3 million ($4.05 million USD) in deferred consideration based on future revenue performance related to quantum scaling systems. NanoScience, which generated approximately £59 million ($79.7 million USD) in FY25 revenue, specializes in ultra-low-temperature cryogenic systems essential for quantum computing and condensed matter physics applications.
The divestment aligns with Oxford Instruments’ strategy to concentrate on three core markets: materials analysis, semiconductors, and healthcare and life sciences. The sale is intended to improve the Group’s focus and operational efficiency while supporting its margin growth targets. The proceeds will fund a planned share buyback of up to £50 million ($57.5 million USD). Transaction-related costs are expected to be £2–£3 million, and £4 million in retained costs will be addressed in the next fiscal cycle.
Quantum Design, headquartered in San Diego, will acquire NanoScience’s operations in Oxfordshire, UK, including the Tubney Woods facility. The acquisition adds cryogenic quantum measurement capabilities to Quantum Design’s portfolio, which already includes leading physical property measurement systems. The integration aims to deliver new instrumentation for a wide range of material science applications including quantum computing, next-generation memory, and superconducting magnet technologies.
The transaction is expected to close by the end of September 2025, pending regulatory approvals. Upon completion, the combined company will have manufacturing and customer support operations across three continents. Read Oxford Instruments’ release here and Quantum Design’s statement here (PDF).
June 10, 2025
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