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Renishaw

#2901

Rank

$3.93B

MarketCap GB

GB United Kingdom

Country

Summary
Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers co-ordinate measuring machine (CMM) products, machine tool probe and software, performance measurement systems, gauging systems, fixtures, and styli for touch probe systems; interferometric laser, magnetic, and optical encoders; additive manufacturing systems; plastics and metal vacuum casting machines; and mapping sensors. It also provides healthcare products, such as dental scanners, neurosurgical robots and accessories, neurosurgical planning software, drug delivery systems, Raman microscopes, craniomaxillofacial customized implants, analysers, and hybrid Raman systems. In addition, the company offers asset financing and travel agency services. It serves the aerospace, agriculture, automotive, construction, consumer electronics, healthcare, power generation, resource exploration, energy, heavy, medical, and precision manufacturing industries, as well as scientific, research, and analysis industries. Renishaw plc was incorporated in 1973 and is headquartered in Wotton-under-Edge, the United Kingdom.

History

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.


Mission
Renishaw’s mission is to use its expertise in sensing, actuation, motion control, spectral analysis and precision machining to make products that enable our customers to achieve their commercial, research and personal ambitions.

Vision
Renishaw’s vision is to be the world leader in precision manufacturing and measurement by delivering innovative, value adding products and services to a global customer base.

Key Team

Mr. Allen C. G. Roberts F.C.A., FCA (Group Fin. Director & Director)

Mr. Dave Wallace (Director of Group Operations)

Ms. Jacqueline Conway (Gen. Counsel & Company Sec.)

Mr. Chris Pockett (Head of Communications)

Mr. Leo Somerville (Pres of Americas)

Mr. Rhydian Pountney (Managing Director of UK & ROW)

Mr. Rainer Lotz (Pres of EMEA)


Recognition and Awards
Renishaw has won numerous awards for its products, most notably the Queen's Award for Innovation in 2017, the Queen's Award for International Trade in 2018 and the Queen's Award for Enterprise Promotion in 2019.

References
Renishaw
Leadership team

Sir David R. McMurtry CBE, CEng, FIMechE, FREng, FRS, RDI (Co-Founder & Exec. Chairman)

Mr. William Lee M.A., M.B.A. (Chief Exec. & Director)

Mr. David John Deer (Co-Founder & Non-Exec. Deputy Chairman)

Products/ Services
3D Technology, Civil Engineering, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Gloucester, Gloucestershire, United Kingdom
Established
1973
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
RSW.L
Social Media
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