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Renishaw’s founders are preparing for the company to be sold.
Renishaw offers solutions for metal additive manufacturing, from systems, metal powders, ancillaries and software through to expert advice and support. Advanced metal additive manufacturing systems are designed and built by Renishaw to fulfill a range of industry applications, including dental and medical.
In recent years, Renishaw’s initiatives have included:
- Launch of software to improve additive manufacturing quality
- Qualification of new additive manufacturing materials with Sandvik
- Demonstration of additive capabilities for spinal implants
- The opening of additive manufacturing solutions centers in Italy and Spain
Renishaw’s founders, Sir David McMurtry and John Deer, Executive Chairman and Non-Executive Deputy Chairman, respectively, indicated their intention to sell their ~53% shareholdings in Renishaw. They have expressed a preference for the disposal of their entire combined shareholding.
The Board intends to seek a buyer that will respect the heritage and culture of Renishaw. Since 1973, the company has grown into a leading engineering and scientific technology company, with expertise in precision measurement and healthcare.
Sir David McMurtry, Executive Chairman and John Deer said, “…finding ourselves in our 80s, our thoughts have increasingly turned to considering the future of our shareholdings in the Company and how we can actively contribute to securing the future success of the business. With that in mind, we approached the rest of the Board to indicate that we felt the time was now right to discuss the best way to achieve this.
“As the founders of Renishaw, we understand the importance of Renishaw’s culture, our place in the communities in which we operate, our commitment to research and development, and the loyalty of our staff, our suppliers, and the customers we serve; these together have been the foundation of our success for almost 50 years. With the Board, we are therefore focused on ensuring that we find the right new owner for our business; one who respects and will continue to nurture these important attributes.”
