Renishaw celebrated the opening of its new 153,000 sq. ft. Innovation Center in the United Kingdom last month. The $31 million facility, located at company headquarters near Wotton-under-Edge, Gloucestershire, was formally opened in early July.
The Renishaw Innovation Center gives the company additional space to house research and development and corporate services staff, as well as demonstration, training and conference facilities. The additional space also enables Renishaw's spectroscopy and laser calibration product lines to relocate to the company headquarters site.
This first phase of the development includes planning permission to expand by another 77,000 sq. ft. The company's investment program also includes the opening of a new R&D operation within the faculty of electrical engineering at the University of Ljubljana in Slovenia, as well as other new construction in the U.K.
“This is one of a series of significant investments that we are making to secure our growth in the UK and our many overseas markets," said David McMurtry, Renishaw’s chairman and chief executive. "This building on its own represents a £20 million investment [$31 million] and I would like to thank all of the Renishaw employees and our contractors who have worked incredibly hard to deliver such a high quality facility.”