Renishaw

Renishaw plc (LSE: RSW) is a global engineering company specializing in precision measurement, motion control, healthcare, spectroscopy and manufacturing technologies. Founded in 1973 by Sir David McMurtry and John Deer, Renishaw has grown from its origins in probe technology for coordinate measuring machines (CMMs) to become a leader in metrology systems and industrial automation. The company reported revenue of GBP 680.7 million for the fiscal year ended June 2023.

Renishaw's product portfolio includes:

• Metrology systems for CMMs and machine tools

• Position encoders for motion control

• Calibration and performance monitoring systems for CNC machines

• Additive manufacturing (3D printing) systems for metal parts

• Raman spectroscopy systems for material analysis

• Neurosurgical robots and drug delivery systems

• Software for data collection and process control

The company's REVO 5-axis measurement system allows complex inspection on a single CMM. Its RenAM 500 series of metal 3D printers enables production of complex parts. Renishaw Central software collects and analyzes manufacturing data across CNC machines and measurement systems.

In February 2024, Renishaw reported revenue of GBP 330.5 million for the six months ended December 31, 2023, a 5% year-over-year decline. The company cited weak demand in some sectors, particularly for position encoders used in semiconductor manufacturing equipment. However, Renishaw noted growth in its analytical instruments and medical devices segment. The company is investing GBP 65 million to expand its manufacturing site in South Wales, aiming to increase capacity while working toward net zero emissions targets. Renishaw remains focused on productivity improvements and strategic investments to drive long-term growth.