Abingdon, UK 11/4/11—Oxford Instruments has announced the acquisition of Platinum Medical Imaging for $18 million and an additional $37 million in deferred payments based on the business’s performance over three years. US-based Platinum Medical Imaging provides parts and services for MRI and computed tomography medical imaging instruments. The company’s 2010 revenues were $14.1 million, and it had EBIT of $2.3 million and gross assets of $3.6 million. “MRI service is the cornerstone of our Service sector and with Platinum our position is substantially strengthened in the US market,” commented Oxford Instruments CEO Jonathan Flint. Oxford Instruments stated that US health care reforms will encourage more cost-effective service for medical imaging facilities. Platinum has 33 employees at sites in Florida and California.