Renishaw Launches Sale Process

Renishaw plc, a developer and manufacturer of position and motion control, measurement, spectroscopy, and manufacturing tools and systems, is for sale. The company’s board has begun the formal sale process after company founders David McMurtry and John Deer said they planned to sell their majority stake in the company. The pair founded Renishaw in 1973. The company additionally markets science technology instruments and equipment for the health care industry and precision metrology applications.