Acquisition

Renishaw PLC
09 July 2007



Renishaw plc 


9 July 2007

 

Renishaw invests in D3 Technologies Limited

Renishaw is pleased to announce it has acquired a 75% interest in D3
Technologies Limited ('D3'), a company set up in collaboration with the
University of Strathclyde and others to exploit certain patents related to
Surface Enhanced Raman Spectroscopy ('SERS') and to develop SERS for molecular
diagnostics and trace detection.

Renishaw's investment in D3 will comprise cash of £1.85 million and
instrumentation, with a combined value of approximately £5m over the next 5
years.

Part of the investment has been used by D3 to purchase for £850,000 the business
and assets of the analytical business unit ('ABU') operated by Mesophotonics
Limited, a spin-out company from the University of Southampton. The ABU develops
and manufactures substrates used in SERS applications.

Combining the SERS technology and biochemistry expertise of the University of
Strathclyde with the Klarite(c) substrate technology of Mesophotonics ABU offers
a broad range of product opportunities to exploit in the growing healthcare
diagnostics and forensic markets.

As a leading supplier of Raman instrumentation Renishaw has a vested interest in
the furtherance of Raman spectroscopy and its applications into new and
developing markets.

Renishaw's principal business is the design, manufacture and sale of advanced
precision metrology and inspection equipment and analytical systems. Over 90% of
its sales are exported internationally through its world-wide network of
subsidiaries and distributors. Renishaw's sales for the financial year ended 30
June 2006 were £175.8m.

 
SIR DAVID R McMURTRY CBE RDI CEng FIMechE FREng
Chairman and Chief Executive
Renishaw plc


Enquiries: A C G Roberts 01453 524445
           B R Taylor 01453 524445

Registered office: New Mills, Wotton-under-Edge, Gloucestershire. GL12 8JR

Telephone: [phone]

www.renishaw.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange