March 05, 2021 //
By Nick Flaherty
UK-based metrology and 3D printing specialist Renishaw is up for sale with a price tag of £5bn (€5.8bn)
UK metrology specialist Renishaw has put itself up for sale.
The company specialises in measurement tools such as its FORTiS encoder used for semiconductor wafer dicing equipment, but is probably better know for its metal 3D printing technology and systems. Its optical encoders are used in equipment from ASM Pacific Technology, the world's largest supplier of wafer assembly and packaging equipment.
Founders Sir David McMurtry, executive chairman, and John Deer, Non-Executive Deputy Chairman, own approximately 53 percent of the shares of the Gloucestershire-based company and are looking to sell all their 38 million shares. The current share price of over £69 values the company at £5bn (€5.8bn), although some investors expect the price to fall.