Australian National University and University of New South Wales joint venture Lithicon AS sells for A$76m.

Lithicon AS, an Australia-based company developing imaging technology for oil and gas exploration, has been sold for A$76m ($68m) to US-based instruments manufacturer FEI Company.

The sale has generated significant returns for Lithicon’s parent universities, the Australian National University (ANU) and the University of New South Wales (UNSW), which stand to receive A$11m and A$4m, respectively. In the case of ANU, the institution has made a five-fold increase on its original investments in Lithicon. ANU will also continue to receive…

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