Oxford Instruments

, the London-listed technology company, has declared its £176 million offer for west Belfast-based

Andor Technology

, as “wholly unconditional”.

The British company said yesterday all conditions relating to its takeover offer had been satisfied and by Tuesday it had received valid acceptances equating to more than 75 per cent of Andor’s issued share capital.

However, Oxford Instruments also stated that it would extend the terms of its recommended cash offer until February 4th to enable any Andor shareholders who had not yet accepted the deal to do so.

The company, which designs and manufactures high technology tools and systems for research and industry was the first commercial spinoff from Oxford University.