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McMurtry puts €5.2bn Renishaw up for sale

Clontarf-born billionaire engineer and inventor David McMurtry and his co-founder, Welshman John Deer, are seeking a buyer for Renishaw, the Gloucestershire precision manufacturing business that they founded almost 50 years ago. They could net more than €2.7bn for their combined 53pc stake in the Ftse-listed company, as they seek to secure the future of the company, which employs over 4,500 people, including almost 300 employees in Swords, Co Dublin. In a statement last week, McMurtry said: "...
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Founders put engineering giant Renishaw up for sale after 50 years

We are both grateful for our continued good health, however we recognise that neither of us is getting any younger, the pair said. Now finding ourselves in our 80s, our thoughts have increasingly turned to considering the future of our shareholdings in the company and how we can actively contribute to securing the future success of the business. We approached the rest of the board to indicate that we felt the time was now right to discuss the best way to achieve this. We are focused on ensuring...
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