Andor Technology
Crescent Capital Initial Investment 1997
Andor Technology is at the forefront of developing and manufacturing high-end digital cameras for spectroscopy and scientific imaging applications.
Andor’s systems bring together the latest developments in sensors, electronics, optics and software. They are designed and built by a highly skilled, workforce of chemists, physicists, engineers and software developers, collectively bringing over 250 years of technical experience to MCD development. The result: state-of-the-art scientific equipment – compact, powerful and easy to use.
Originally established in 1989 by Qubis as a Queens University based business, Andor now employs around 250 staff accross the group at its offices in Belfast, Tokyo, the US and Europe. Since Crescent’s investment in 1997, Andor’s sales have grown by around 30% per annum every year. Sales for the year ended September 2009 were £13.1m with profit before tax of £3.4m.
Recognising the high export content of Andor’s sales (in excess of 90%) and the leading edge nature of its products, the company was awarded the Queens Award for International Trade in 2000 and the Queens award for Innovation in 2004.
Andor floated on the London Stock Exchange in December 2004; Crescent disposed of some of its Share holding at the time of the IPo and distributed the balance to the Limited Partners of its first fund in 2008. Colin Walsh has been a director of Andor since 1997 and is currently Chairman of the business
Contact Details
Crescent Contact : Colin Walsh
Andor Technology plc
Springvale Technology Park
7 Millennium Way
Springvale Business Park
Belfast, BT12 7AL
Tel: +44 (0) 28 9023 7126
Fax: +44 (0) 28 9031 0792
http://www.andor-tech.com
Crescent Capital NI Ltd is authorised and regulated by the Financial Services Authority
Crescent Capital NI Ltd is a member of the EVCA