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 145 staff at its offices in Belfast, Tokyo, the US and Europe. Since Crescent’s investment in 1997, Andor’s sales have grown by around 40% per annum every year. Sales for the year ended September 2006 were £19.23m with profit before tax of £1.69m.
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 Capital remains one of the company’s largest shareholders.
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
Dr Hugh McCormican Founder of Strategic Development
Dr Hugh Cormican is one of the original founders of Andor. He graduated with a Ph.D. in Laser Physics from Queen’s University, Belfast and is a Fellow of the Institute of Physics. He has been the managing director of Andor since its inception and has driven the strategic development of the Company to date.
Crescent Capital NI Ltd is authorised and regulated by the Financial Services Authority
Crescent Capital NI Ltd is a member of the EVCA