Renishaw founders Sir David McMurtry and John Deer – executive chairman and non-executive deputy chairman, respectively – have indicated to the board their intention to sell their substantial shareholdings (53% combined) in the company. The board has therefore concluded it would be appropriate to investigate the sale of Renishaw and is launching a formal sale process. It is the intention of the board to seek a buyer who will respect the company’s heritage and culture, its commitment to local communities, and who will enable the business to continue its prosperity in the long term.

For further information www.renishaw.com