Diameter becomes Renishaw Advanced Materials

The renamed UK-based firm specialises in diamond-like carbon (DLC) coatings, shape memory alloys and materials demonstrating the Piezo effect. Renishaw had been a long-term customer for its coating products, prior to the acquisition. "The investment by Renishaw will enable us to build on our existing product portfolio, and accelerate research into exciting new areas of materials development," said Chris Tullett, marketing director for Renishaw Advanced Materials. "It makes good commercial sense to leverage our association with Renishaw through the new name, especially as its brand is very strong in many of our key target sectors, such as manufacturing, measurement, aerospace and the healthcare sector." Renishaw Advanced Materials is based at Brunel University, West London, with which it will continue to work closely for its research, analysis and test facilities, with additional work also being carried out at Renishaw's main headquarters in Wotton-under-Edge, Gloucestershire. Renishaw's chairman and chief executive, Sir David McMurtry (pictured), said: "This is an exciting period for the Renishaw Group, and our move into the development of advanced materials nicely dovetails with developments in other parts of our business, including healthcare, where we see new opportunities to expand the applications for Renishaw Advanced Materials' products. With a worldwide network of subsidiaries, we can also offer them a fast route to market to take advantage of these new applications."