Renishaw Completes Acquisition

Press Release
Tuesday, February 05, 2013

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.


Steve Ball, the founder of MDL, will be leaving the company, whilst Elaine Ball, MDL’s Managing Director, will report to Renishaw through Will Lee, Director and General Manager of Renishaw’s Laser & Calibration Products Division.


Renishaw’s Assistant Chief Executive, Ben Taylor, who is Chairman of the MDL Board, says, “We see significant opportunities in the fields in which MDL operates and we are working hard to develop new measurement products based on our combined experience, to leverage our global sales and marketing networks, and to integrate our in-house design and manufacturing capabilities.”


Commenting on the company becoming a wholly-owned Renishaw subsidiary, MDL’s Managing Director, Elaine Ball says, “We are now entering an exciting new phase in MDL’s 30-year history and with the backing of the Renishaw Group we are very confident of continuing to expand in the global market for laser surveying and scanning measurement products.”


Established in 1983, York-based MDL supplies a range of laser-based, time-of-flight measurement systems used in a wide range of applications worldwide in quarrying, mining, marine positioning, aviation, civil engineering and traffic control. In December 2012, to meet rising demand for its products, the company took occupancy of new additional 20,000 sq ft premises adjacent to its headquarters in York. The new £3 million facility will become the base for MDL’s production, service and R&D departments. The company currently has around 70 staff at York and also has staff located at offices in Scotland, Canada, Australia and the US.

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today.   Vega is the BASF subsidiary’s

Two Mooring Tugs Delivered to NSW

Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW).   The delivery of the

Maersk Oil Hires Ampelmann Gangway System

After having performed a walk to work (W2W) campaign in the summer of 2014, Motion Compensation Gangways (MCG) developer Ampelmann has again been awarded a contract

Shipbuilding

Are Megaships Game Changers?

Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.

Two Mooring Tugs Delivered to NSW

Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW).   The delivery of the

Tank Coating for Navig8 Chemical Carrier Newbuilds

Shipowner Navig8 is progressing application of Interline9001, an advanced cargo tank coating from AkzoNobel’s International marine coating product range, on a series

Ship Repair & Conversion

Tennessee Chill Box Expands Industry Reach

Air conditioned respirator supply systems supplier Tennessee Chill Box, LLC (TCB) launched a new air-supply, mask and hood system designed to expand the industry-reach

Fire Aboard US Navy Ship

A fire broke out aboard a U.S. Navy amphibious dock landing ship USS Gunston Hall (LSD 44) at approximately 2 p.m. yesterday while the ship was undergoing maintenance

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Finance

EC Okays Maritime Fisheries fund

European Commission has approved Malta’s Operational Program European Maritime Fisheries Fund (EMFF) for the 2014-2020 financial periods, announced Parliamentary

Irish Ferries Owner Revenues up 9.6%

Irish Continental Group, the company behind Irish Ferries, posted a 9.6pc increase in revenue last year (2014) in taking Euro 290.1 million.   ICG's ferry division

Are Megaships Game Changers?

Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.

Marine Equipment

First Subsea Achieves API 17L1 Certification for Bend Stiffener Connectors

Connector technology developer First Subsea has received APL 17LI certification for its bend stiffener connectors from the American Petroleum Institute, the company announced today.

Maersk Oil Hires Ampelmann Gangway System

After having performed a walk to work (W2W) campaign in the summer of 2014, Motion Compensation Gangways (MCG) developer Ampelmann has again been awarded a contract

Bestobell Bags Hat Trick Order in China

Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal

Software Solutions

Navis to Deploy Its N4 TOS to France's Largest Container Terminal

Navis has reached an agreement to deploy its N4 terminal operating system (TOS) to the largest container terminal in France, the company announced today.   The license agreement was with EUROFOS,

GOST to Unveil New Products at MSE Conference

GOST (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville,

VesselVanguard Partners with Hatteras Yachts

VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution

Surveyors

Sunken Japanese WWII Battleship Found

Seventy years after the conclusion of World War II, philanthropist and entrepreneur Paul G. Allen has located the Musashi, one of the two largest and most technologically

Ice Coverage on Great Lakes 89 pct: NOAA

Ice coverage on the Great Lakes is nearing 90 percent, reveals high resolution satellites images from National Oceanic and Atmospheric Administration (NOAA).   The entire Great Lakes is at 88.

ClassNK Updates Guidelines for Floating Offshore Facilities

ClassNK released a new version of its Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage, Offloading and Regasification.   Available on the ClassNK website,

Mergers & Acquisitions

UK Will Force Fridman to sell N.Sea Assets

Britain is ready to force the sale of Russian oligarch Mikhail Fridman's recently acquired North Sea energy assets unless it receives unspecified assurances within the next week,

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Genting Acquires Crystal Cruises

Crystal Cruises has been sold for $550 million to the owner of Asia's largest cruise line and a major shareholder of Norwegian Cruise Line.    Crystal's parent company,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4015 sec (2 req/sec)