29th Mar 2021 12:06
(Alliance News) -Â Bloomberg late Friday reported that Renishaw PLC is attracting potential takeover interest from Danaher Corp and Swedish rival Hexagon AB.
Danaher is mulling teaming up with Fortive Corp to bid for engineering and scientific technology firm Renishaw and then split up the business, Bloomberg reported, citing people familiar with the matter. Renishaw may also approach firms such as Ametek Inc, Mettler-Toledo International Inc, Keyence Corp and Schneider Electric SE, the people added.
https://www.bloomberg.com/news/articles/2021-03-26/renishaw-is-said-to-attract-interest-from-danaher-hexagon
The recent FTSE 100 entrant earlier in March put itself up for sale.
Executive Chair David McMurtry and Non-Executive Deputy Chair John Deer, the company's founders, said they intend to sell their "very substantial" shareholdings in Renishaw. Together, the founders own around 53% of the group, and have expressed a preference for the disposal of their entire combined shareholding.
The company on Friday said it expected annual profit to more than double on strong revenue growth.
Shares in Renishaw were up 5.4% at 6,323.00 pence in London on Monday.
By Lucy Heming;Â [email protected]
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