Renishaw, the global engineering technologies company, has taken full ownership of Measurement Devices Ltd (MDL), following the purchase of the remaining 34% shareholding for a cash payment of £4.5 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 which designs and manufactures high speed laser measurement and surveying systems for use in extreme environments. More…
