Renishaw founders to sell shareholdings

Executive chairman Sir David McMurtry and non-executive deputy chairman John Deer founded Renishaw in 1973 and own a collective 53 per cent of the issued share capital of the company. Through a statement they expressed a preference for the disposal of their entire combined shareholding.

The founders, now in their 80s, explained that their thoughts have increasingly turned to how they can actively contribute to securing the future success of the business.

According to the statement Renishaw’s Board has concluded that it would be appropriate to investigate the sale of the company, and that neither the company nor its founders are currently in discussions with any potential buyers. 

McMurtry and Deer commented: “As 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.