RENISHAW released this statement:

“We previously communicated our position that we believed that remaining in the EU would be the best scenario for Renishaw, but the British electorate has made its decision regarding Brexit and as an organisation we fully respect this decision.

“Despite last night’s vote the UK is still today a member of the EU and will remain so for at least the next two years.

“During this period we will continue to trade with our EU-based customers and subsidiaries as previously, whilst preparing our business to be able to trade efficiently after the UK has formally left.

“Whilst we believe that due to Brexit we will most likely face higher costs and additional regulation, we remain confident of our prospects for the future.”