Source - SMW
Oxford Metrics announces the acquisition of IMeasureU, which has developed a world-leading high-fidelity motion measurement system that enables researchers and elite athletes to gain data-driven insights into athletic performance. 

Directors believed this acquisition would contribute to the group's five-year strategic growth plan by expanding Vicon's addressable market, accelerating its ability to develop new Vicon product, opening up opportunities to cross-sell, and by further increasing over time the Group's recurring revenue base.

The acquisition comprised an initial consideration of £1.99m paid in cash from existing resources. A deferred cash consideration of up to £2.89m was payable.