Transcript
Introduction
Matt R
Welcome back to Business Breakdowns. This is Matt Reustle, and today, we are covering Renishaw. Renishaw is considered a leading supplier of measuring systems and manufacturing systems, specifically focused on accuracy and precision. Now what does that mean in layman's terms?
Renishaw is a picks and shovels provider to many of the fastest-growing end markets in the world. So you can think about anything revolving around semiconductors, robotics, medical devices. Renishaw designs and develop systems for complete precision, control and reliability.
To break down Renishaw, I'm joined by Matt Tonge, fund manager at Liontrust Asset Management. Matt helps simplify this business, bringing it into layman's terms, describing both the customer base and exactly what is going on with these precision tools. Then we get into some of the unique dynamics of revenue at this business.