Product category:
3D CAD software
News Release from: Renishaw
Edited by the Engineeringtalk Editorial
Team on 25 April 2007
GBP 6.1 million investment accepted by
Delcam
At an EGM held on 23rd April, Delcam shareholders voted to accept an investment of around GBP 6.1 million from metrology company, Renishaw.
At an EGM held on 23rd April, Delcam shareholders voted to accept an investment of around GBP 6.1 million from metrology company, Renishaw The investment is through a subscription for 1,524,052 new ordinary shares at GBP 4.00 per share, which represents 20% of Delcam's enlarged capital
This article was originally published on Engineeringtalk on 3 Sep 2008 at 8.00am (UK)
Related stories
Renishaw to exhibit CMM measurement technology
Renishaw will be demonstrating its Renscan5 five-axis CMM measurement technology with Revo measuring head at the TCT 2008 exhibition.
Program editor software extends CAD support
Active Editor Pro dramatically increases the number of users who can benefit from its simple programming style, by adding support for CAD models from a large variety of CAD formats.
The net proceeds will be used to fund the expansion of Delcam's business and for further investment in the development, sales and support of the company's range of CADCAM software.
Following the investment, Renishaw has been invited to nominate a director to the Board of Delcam.
Renishaw and Delcam have worked together for many years, share common interests in the fields of engineering and metrology, and worldwide have many common customers.
It is believed that closer co-operation will enhance the sales of both companies.
This will be achieved by initiatives such as the agreement recently entered into by Delcam for the development of software to support the application of Renishaw's new probes.
Speaking about the investment, Ben Taylor, Renishaw's Assistant Chief Executive said, "The Directors of Renishaw are very pleased to further our long-standing relationship with Delcam in this manner and are confident that the new relationship will be extremely fruitful for the progress and continuing development of both companies".
He continued, "We see particular benefit in the development of software that will enhance our new developments in the fields of dental, medical and precision metrology".
Chairman of Delcam, Tom Kinsey, added, "The directors of both companies believe that closer co-operation will enhance our respective sales and will provide opportunities for developing software to support a range of exciting new Renishaw products". Request free introductory details about products from Renishaw ...
• Renishaw: contact details and other news
• Email this article to a colleague
• Register for the free Engineeringtalk email newsletter
• Engineeringtalk Home Page
