John Deer.

3D printed metal parts.

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According to Renishaw´s Executive Chairman David McMurtry and Deputy Chairman John Deer,¨Shares of the Gloucestershire-based firm soared as much as 20%, valuing the company at 5.05 billion pounds ($7 billion).

Renishaw also specializes in 3D printing parts from metal powder and sells to a diverse set of industries, from aerospace and automotive to energy, electronics and health care.

Renishaw’s board will look for a buyer who “respects and will continue to nurture” the company’s culture, presence in the communities it operates and commitment to research and development.¨

Renishaw Founders Seek Buyer for $7 Billion Engineering Firm