Brexit Renishaw expands presence in the EU
UK – To mitigate against the possible impacts of Brexit, UK-based 3D printing and measurement expert Renishaw has been focused on ensuring that its customers within the EU are able to receive optimal support from local offices.
Renishaw, a global company with core skills in measurement, motion control, spectroscopy, additive manufacturing and precision machining, plans to strengthen its presence in the EU, following the completion of Brexit. According to the company, this includes new and expanded logistics centres in Ireland and Germany, an increase in stock levels throughout the EU region and converting local offices into independent subsidiaries. Transactions and deliveries could then take place via these local subsidiaries instead of through the UK, the company says.
“To mitigate against the possible impacts of Brexit, we have been focused on ensuring that our customers within the EU are able to receive optimal support from our local offices and that all transactions, including deliveries of goods, are as simple as possible,” Rainer Lotz, president of Renishaw's EMEA region, says.
Reliable delivery, proximity to customers and simplified transactions
Shortly after the referendum on UK membership of the EU on 23 June 2016, Renishaw looked at all the potential impacts on our business, including manufacturing, logistics and supply chain. The Board then convened an interdisciplinary Brexit team to assess all risks and opportunities associated with the UK's withdrawal from the EU, with or without a ‘deal'.
"The Renishaw Group is very familiar with the requirements of international trade and associated distribution," says William Lee, Renishaw's Chief Executive. "With the excellent skills and expertise of our employees in our global network, we are able to meet the challenges posed by the UK's withdrawal from the European Union.”
The Renishaw Group has 79 locations in 37 countries and over 4,400 employees worldwide. Manufacturing facilities are located in the UK, Ireland, Germany, USA and India. Renishaw generates around 95% of its total sales outside the UK and has a significant level of expertise and experience gained from over 45 years of building a successful global business model.