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Utilisation levels may be reduced by the following root causes: • Increasing competition as other market participants increase the supply of SESVs in the markets in which GMS operates; • Sustained lower expenditure and investment by the oil and gas industry may result in lower levels of maintenance being performed on existing platforms and facilities and lower levels of construction and capital expenditure in respect of new installations; • Reliance on a limited number of NOCs, IOCs and international EPC clients; • Fleet capabilities may no longer match with changing client requirements. Failure to deliver the specifications and expected performance could lead to reputational damage and impact GMS ability to win work; and

Renishaw up for sale with a price tag of £5bn

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.

Renishaw Plc Commences Formal Sale Process

Renishaw Plc Commences Formal Sale Process LONDON (dpa-AFX) - Renishaw plc (RSW.L) said its 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 very substantial shareholdings in Renishaw. Together, the Founders, and certain persons connected with them, own about 53% of the issued share capital of the company and have expressed a preference for the disposal of their entire combined shareholding, the company stated. Further, the company noted that the Board has considered various options with its advisers. In considering these options the Board, including the Founders, has had regard to the interests of all the company s stakeholders. The Board has unanimously concluded that it would be appropriate to investigate the sale of the Company and is therefore launching a formal sale process for the Company.

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