LASER measurement technology specialist Measurement Devices Ltd (MDL) is to accelerate its drive to become a world-class laser measurement technology manufacturing business after raising finance by selling a 29 per cent shareholding to global metrology and healthcare products manufacturer Renishaw plc. Family-owned business MDL, which has bases in York, Aberdeen and Houston, USA; will use the finance to fund its expansion in the fast-growing global eye-safe, time-of-flight laser measurement technology sector which it has helped pioneer since it was founded in 1983. An agreement with Renishaw Plc provides for the remaining MDL shares to be acquired during the next four years. No changes are anticipated at MDL, which has more than 50 staff, with founder Steve Ball remaining president in Houston and Elaine Ball remaining managing director in the UK. Steve Ball is also the chairman of the MDL Group. MDL products are designed to be used in rugged environments, to improve accuracy, enhance user safety and increase productivity. They are used in scores of applications worldwide including quarrying, mining, marine positioning, aviation, civil engineering and transportation. Read More
