LASER measurement technology firm MDL has sold a 29% stake in the family-owned company in a deal worth £2.3m.

The agreement between the York-based firm and global measurement and healthcare products manufacturer Renishaw will see the remaining MDL shares bought during the next four years.

Measurement Devices Ltd was founded in 1983 and makes laser-based measurement systems used around the world in areas including quarrying, marine positioning and air traffic control.

MDL Group chairman Steve Ball said: &......for the full story register now for free or login below...