Renishaw Completes Acquisition of MDL

摘要

Renishaw has taken full ownership of Measurement Devices Ltd (MDL). The worldwide engineering technologies company has purchased the remaining 34% shareholding for a cash payment of GBP4.5 million. The acquisition of the shares concludes an agreement reached in 2010, at which time Renishaw purchased an initial 29% stake in MDL, a UK-based business specialised in designing and manufacturing high-speed laser measurement and surveying systems for use in extreme environments.