Research and development-strong Renishaw grows, expands and acquires
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In reporting a 13 per cent increase in revenue £81.6 million for the six-month period ended 31 December 2005, Renishaw plc’s chairman and chief executive underlined the firm’s commitment to research and development.
“A number of new products have been introduced at recent exhibitions, in particular, at EMO held in Hannover in September,” said chairman Sir David McMurtry. “The Gyro range of heads, to complement Revo (pictured) and Renscan5 introduced in April last year in our co-ordinate measuring machine product line were very well received and we anticipate that they will make a valuable contribution in our next financial year. Also introduced were the OMP400 high accuracy strain gauge probe and on-machine verification software launched by our machine tool product line.”
Total research and development expenditure, including associated engineering costs, amounted to £13.8 million, up from 2004’s £12.1 million. Sir David also reported that the Renishaw Group is currently establishing a software product development team at its Pune premises in India.
Renishaw has also acquired a 50 per cent interest in PulseTeq Ltd, a small UK company, specialising in radio frequency coil electronics and other enhancements to magnetic resonance scanners for medical purposes, and has acquired a 50 per cent interest in Metrology Software Products, another small, UK-based company.
