A former executive at the London-listed research company Oxford Instruments has joined the board of directors at the motion capture firm behind the holographic tour of the pop group ABBA.
Ian Wilcock, who spent more than eight years at Oxford Instruments across numerous roles – including managing director of resonance and member of the executive management board – has joined Oxford Metrics with immediate effect.
Wilcock joins Oxford Metrics, which also developed advanced camera systems for the filming of 1997’s Titanic, in place of David Quantrell, who will retire from the company’s board on 24 October. Quantrell spent over six years on the board of the company.
“With an international client base and market-leading technologies, Oxford Metrics is well-positioned to grow both organically and through acquisition and I look forward to being part of that journey,” said Wilcock.
Wilcock is also the executive director of Judges Scientific Plc.
Roger Parry, Chair of Oxford Metrics, said of the appointment: “Ian’s strong track record of M&A and growing businesses globally, gained throughout his career in technology businesses, brings highly relevant expertise to the Group.
“Ian’s experiences will be invaluable as we execute on our five-year plan.”
Launched in 1984, Oxford Metrics was listed on the London Stock Exchange in 2001. The company has had its ups and downs, however, struck it big when its Vicon camera product was used to create the holographic depictions of ABBA band members in its highly successful tour.
In its latest accounts, the group posted a 50% increase in revenue, more than doubling its pre-tax profits for the year ended September 2023, which reached £6.25m.
The company credited its recent success with the launch of Valkyrie, its multi-cam motion capture system launched in 2022. That same year, the company sold off its infrastructure asset management division, Yotta, to Causeway Technologies for £52m.
Oxford Metrics is currently trading at 58.25p a share, 50% less than its 2024 peak of 115p in May.
Shares in Oxford Instruments, which designs and manufactures tools and systems for research and industry, are priced at 2,015p.