Oxford Instruments has bought out a hi-tech firm in a deal worth more than £3m.
TDI, based in the United States, produces the technology and processes which will allow Oxford Instruments based in Tubney Woods, near Abingdon to produce tools for the production of High Brightness Light Emitting Diodes.
The tools will cut manufacturing times by 25 per cent, allowing a reduction in the production costs of environmentally friendly light bulbs which are ten times more efficient than those used currently.
Oxford Instruments chief executive Jonathan Flint said: "We will be among the market leaders in this valuable and vital segment."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article