Renishaw closes sale process without buyer
July 8, 2021
Engineering company Renishaw plc, Wotton-Under-Edge, Gloucestershire, UK, has announced that its formal sale process, reported in March 2021, has concluded without finding a suitable buyer.
Since the announcement of plans to sell, Renishaw’s board considered proposals from potential buyers, but unanimously concluded that no offer met the interest of all stakeholders.
Renishaw’s founders Sir David McMurtry, executive chairman, and John Deer, non-executive deputy chairman, have stated that they remain committed to Renishaw and have decided not to sell their shares in the company for the foreseeable future.