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The company was founded by Sir David McMurtry and John Deer in 1973. McMurtry had needed to measure fuel pipes on a prototype jet engine: at the time, coordinate-measuring machine sensors featured rigid styli, which required manual positioning on the surface and which yielded poor repeatability when measuring delicate components. To meet this need, McMurtry invented a touch-trigger probe device, which he then patented. The probe featured an elegant 'kinematic' location for a spring-loaded stylus, providing a highly repeatable seated position for the stylus combined with the compliance needed to measure such components.Renishaw was first listed on the London Stock Exchange in November 1984. In 2006 the Company bought 'itp', a German manufacturer of precision styli. In early 2009 the global recession reached Renishaw, resulting in a large proportion of the workforce being placed "at risk".In 2010 Renishaw bought a stake of Measuring Devices Ltd, a company providing a range of services in the field of surveying equipment. In 2011 Renishaw purchased the 400,000 sq ft Bosch plant in Miskin, Wales.
