Polaron sells nano arm

Polaron plc, with local operations in Watford and Milton Keynes, has sold Oxford Nanoscience Ltd to Imago Scientific Instruments, the US manufacturer of atom probes based in Madison, Wisconsin, for £2.5 million.Polaron plc, with local operations in Watford and Milton Keynes, has sold Oxford Nanoscience Ltd to Imago Scientific Instruments, the US manufacturer of atom probes based in Madison, Wisconsin, for £2.5 million.

The proceeds will be used to reduce net debt. Business Weekly flagged up in its last issue that Polaron was keen to dispose of its nanotech interests, which it now deemed to be non-core.

Imago is the recognised world leader in the development of Nanolytical™ tools and solutions for manufacturers, engineers, scientists and researchers involved in the nano-technology revolution.