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.
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 as a spin out from Queens University business, Andor now employs over 400 staff across the group at its offices in Belfast, Japan, China, Switzerland and the US. Since Crescent’s investment in 1997, Andor’s sales have grown by around 30% per annum every year. Sales for the year ended September 2012 were £58.3m with profit before tax of £10.0m.
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, Crescent Capital’s Managing Director served as a director of Andor from 1997 and latterly as Chairman of the business.
In January 2014, Andor was sold to Oxford Instruments plc for £176m.
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.