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Renishaw completes laser measurement acquisition

Renishaw has taken full ownership of Measurement Devices following the purchase of the remaining 34% shareholding for a cash payment of £4.5 million. The acquisition of the shares concludes an agreement reached in 2010, at which time Renishaw purchased an initial 29% stake in MDL, a UK-based business which designs and manufactures high speed laser measurement and surveying systems for use in extreme environments. MDL managing director Elaine BAll says: "We are now entering an exciting new phase in MDL's 30 year history."
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