The founders of 3D printing company Renishaw, Sir David McMurtry and John Deer, reportedly plan to sell their 53% share in the company.

According to the company’s board, it has agreed the sale, although no buyer has approached it yet with an offer.

‘We are both grateful for our continued good health, however we recognise that neither of us is getting any younger,’ said Sir David, who is current executive chairman, and Deer, non-executive deputy chairman. ‘Now finding ourselves in our 80s, our thoughts have increasingly turned to considering the future of our shareholdings in the company and how we can actively contribute to securing the future success of the business.’

‘David and John have been exceptional stewards and majority holders of Renishaw as evidenced by the company’s long-term track record of innovation, success and value creation,’ said Sir David Grant, senior independent non-executive director at Renishaw. ’The board intends to seek a buyer who will recognise the value of Renishaw as an innovation-led business and respect the unique heritage and culture of the business, its commitment to the local communities in which its operations are based, and who will enable the company to continue to prosper in the long-term.’

This story uses material from Renishaw, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.