 | |
| Company type | Public |
|---|---|
| Industry | Engineering |
| Founded | 1973 |
| Founders | Sir David McMurtry John Deer |
| Headquarters | Wotton-under-Edge, England |
Key people | John Deer (Deputy Chairman) Will Lee (Chief Executive) |
| Revenue |  £691.3 million (2024)[1] |
 £108.7 million (2024)[1] | |
| £96.9 million (2024)[1] | |
Number of employees | 5,213 (2023)[1] |
| Website | www |
Renishaw plc is a Britishengineering company based inWotton-under-Edge, England. The company's products includecoordinate-measuring machines and machine tool products. It is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index.
The company was founded by SirDavid McMurtry and John Deer in 1973.[2] McMurtry had needed to measure fuel pipes on a prototype jetengine: at the time,coordinate-measuring machine sensors featured rigid styli, which required manual positioning on the surface and which yielded poor repeatability when measuring delicate components. To meet this need, McMurtry invented a touch-trigger probe device, which he thenpatented. The probe featured an elegant 'kinematic' location for a spring-loaded stylus, providing a highly repeatable seated position for the stylus combined with the compliance needed to measure such components.[2]
Renishaw floated on theUnlisted Securities Market in 1983,[3] and gained a full listing on theLondon Stock Exchange in November 1984.[4] In 2006 the Company bought 'itp', aGerman manufacturer of precision styli.[5] In early 2009 theglobal recession reached Renishaw, resulting in a large proportion of the workforce being placed "at risk".[6]
In 2010 Renishaw bought a stake (and subsequently took complete control) of Measuring Devices Ltd, a company providing a range of services in the field of surveying equipment.[7] In 2011 Renishaw purchased the 400,000 sq ftBosch plant inMiskin, Wales.[8]
The company's product portfolio includes touch probes forCNC machine tools,calibration systems that optimise the performance of CNC machinery,linear encoder systems,rotary encoder systems,additive manufacturing machines, dentalCAD/CAM systems,Raman spectroscopy and medical devices for functionalneurosurgery applications.[9]
Renishaw's main offices are situated inGloucestershire in an oldwatermill, with several new buildings on a 26-acre (110,000 m2) site. The company has a machine shop located atStonehouse, Gloucestershire, and an assembly facility atWoodchester, both nearStroud. There are further assembly facilities inDublin (Ireland) andPune (India). Renishaw also has research facilities located inWotton-under-Edge,Edinburgh andLjubljana.[10]
On 2 March 2021, David McMurtry and John Deer indicated that they wished to dispose of their entire holdings in Renishaw, comprising some 53% of the shares, as 'we recognise that neither of us is getting any younger'. The Renishaw board then announced that it was launching a formal sale process for the entire company.[11] This process was terminated on 7 July 2021, the board concluding that none of the proposals met their objectives.[12]
| International | |
|---|---|
| National | |
