Renishaw is pleased to communicate that the families of its co-founders, John Deer and the late Sir David McMurtry have signalled a significant long-term commitment to Renishaw.
On Wednesday 28th November it was announced that the families have consolidated most of their shareholdings in Renishaw into a joint family holding company, Deltam Holdings Ltd (‘Deltam’). This company is wholly-owned by the McMurtry and Deer families and holds just over 50% of the total issued shares of Renishaw, making it Renishaw’s largest shareholder.
The establishment of Deltam facilitates a generational transfer of the business within the families, reaffirms their commitment to Renishaw and their intention to be long-term shareholders in the Company. It should also give more stability for Renishaw’s share ownership. It is not expected to have any significant impact on the Company’s strategy or the way that it manages its business day-to-day.
Planning for the generational transfer within the founder families has been a major focus for the Renishaw plc Board in recent years, which welcomed Richard McMurtry and Camille Deer as Non-executive Directors in 2024 and 2025 respectively. This commitment to the future of Renishaw has now been strengthened with the formation of Deltam.
As expressed by Richard McMurtry following the death of his father last December, there is a great determination to uphold the culture of Renishaw and to build on the legacy that Sir David and John have created.
Will Lee, Renishaw’s Chief Executive Officer, said: “This development marks a significant milestone in Renishaw’s evolution, and I am delighted that our founders’ families remain committed to our vision for the business.”
