Global engineering technologies company, Renishaw has taken full ownership of Measurement Devices Ltd (MDL), following the purchase of the remaining 34% shareholding.
Renishaw had initially taken a 29% stake in MDL in 2012. This latest acquisition of shares concludes the agreement with MDL, a UK-based business that designs and manufactures high speed laser measurement and surveying systems for use in extreme environments.
MDL founder Steve Ball will be leaving the company while Elaine Ball, MDL's Managing Director will report to Renishaw through Will Lee, Director and General Manager of Renishaw's Laser & Calibration Products Division.
According to Renishaw's Assistant Chief Executive, Ben Taylor, who is Chairman of the MDL Board, given the significant opportunities in the field, the combined experience of the two companies will be used to develop new measurement products, leverage global sales and marketing networks, and integrate in-house design and manufacturing capabilities.
MDL's Managing Director, Elaine Ball says that they are very confident of continuing their expansion in the global market for laser surveying and scanning measurement products with the backing of the Renishaw Group.
Established in 1983, the York-based MDL supplies a range of laser-based, time-of-flight measurement systems used in various applications worldwide in quarrying, mining, marine positioning, aviation, civil engineering and traffic control.
Renishaw Oceania represents the Renishaw Group in Australia.