STONE, STAFFORDSHIRE, UK-Renishaw plc , the global engineering technologies company, has acquired the entire share capital of MTT Investments Ltd and its subsidiary, MTT Technologies Ltd (MTT). Based in Stone, Staffordshire, UK, MTT designs, develops and manufactures additive manufacturing and rapid prototyping systems, including selective laser melting, metal casting, and vacuum casting machines and processes.
“MTT has a range of interesting technologies including selective laser melting (SLM) equipment which currently has its main markets in aerospace and medical devices, but also has potential for use in other sectors,” says Sir David McMurtry, Renishaw’s chairman and chief executive.
MTT Technologies Limited has 35 employees, with subsidiaries in the United States and Italy, and a branch office in France. Its operations will be incorporated within Renishaw as a new product division and will continue to be based in Staffordshire.