A worker at the Andor Technology factory based in Belfast:  The company, which designs and manufactures high technology tools and systems for research and industry was the first commercial spinoff from Oxford University. Photograph: Charles McQuillan/Pacemaker

Oxford Instruments, the London-listed technology company, has declared its £176 million offer for west Belfast-based Andor Technology, as “wholly unco(...)

Andor has been considering a takeover bid by Britain’s Oxford Instruments since an indicative cash offer of £5 per share was made in July.

Belfast-based digital camera manufacturer Andor Technology recorded an operating profit of £7.2 million (€8.7 million) for the year to the end of Sept(...)

Andor Tech equipment

Andor Technology could be sitting on cash balances totalling more than £20 million thanks to a “period of strong cash generation” this year. (...)