Business News Renishaw Inc. is preparing to move into a new 133,000 square-foot office and warehouse facility in West Dundee, IL, about 40 miles from Chicago. The two-story facility will be the company’s new North American headquarters, but also includes space for product development, testing, warehousing and distribution. It includes the new U.S. Additive Manufacturing Solutions Center – part of Renishaw’s network of global Solutions Centers, opening over the next year. The centers are designed to provide venues where the additive manufacturing adoption process can be accelerated. “We can give companies cost-effective, hands-on experience of metal additive manufacturing, combined with application engineering support to optimize their design, and post-processing capabilities to ensure that it performs as it should,” said Sir David McMurtry, chairman and CEO of Renishaw. Renishaw plans to set up regional technical and sales offices throughout the United States, as the company continues to get closer to customers. “With the popularity and adoption of Industry 4.0 and Smart Factory philosophies, our products and services are relevant to a larger and more diverse group of manufacturing operations,” said Howard Salt, president of Renishaw, Inc. “These new facilities makes it more feasible, logistically, for us to work cooperatively with customers and potential customers in North America, and develop solutions specific to them.” A ribbon-cutting event is scheduled for March, and the company plans to be fully relocated by October. The new address is 1001 Wesemann Drive, West Dundee, IL 60118. Varex Imaging Corporation’s spin-off from Varian Medical Systems has been completed. The common stock of Varex Imaging, a new independent public company, began trading “regular way” on the Nasdaq Global Select Market under the ticker symbol “VREX”. Under the terms of the previously announced separation, Varian stockholders received 0.4 of a share of Varex stock for every one share of Varian stock they held as o f the record date of January 20, 2017. Varex shares were distributed at 12:01 am Pacific Time on January 28, 2017 in a distribution that is intended to be tax-free for U.S. federal income tax purposes. Varex has approximately 38 million shares outstanding. In connection with the separation, Varex made a $200 million cash payment to Varian. Varex funded this payment and related expenses from its $300 million revolving credit facility. The balance of undrawn funds remain available to fund working capital needs and other general corporate purposes. “The past few months have been very busy as we prepared for the spin-off of Varex Imaging and also announced the planned acquisition of the Medical Imaging business of PerkinElmer,” said Sunny Sanyal, president and chief executive officer of Varex Imaging. “Much of our time recently has been filled with meetings, calls and roadshow presentations with the investor and analyst community. Overall, the past year has been an exciting time for us and I want to thank all the people at Varian and Varex who devoted so much time and effort to make the separation a success.” Global Measurement Solutions was awarded approved supplier status for Rolls-Royce Corporation. The Certificate Scope of Approval includes: Rolls-Royce Corporation sub-tier, component measurement, and CMM programming supplier categories. This award confirms that East Coast Metrology completed the testing needed to assure Rolls-Royce Corporation that quality assurance controls meet the general requirements of Rolls- Royce, as specified in RR9000:SABRe. The agreement between Rolls-Royce and ECM validates that all quality control systems and management structures sustain accordance to the requirements put forth by Rolls-Royce Corporation. ECM already maintains an ISO/IEC 17025 Accredited Laboratory certification which assures customers that their systems are calibrated using standards traceable to a National Metrological Institute (NMI). ECM was awarded this accreditation in September 2014 and has since renewed this certificate as of October 2016. ECM is one of the first non-OEM laboratories in the country to offer the ISO/IEC 17025 accredited calibration for large scale measurement instruments. This accreditation along with the newly acquired Rolls-Royce certification, demonstrates the level of quality standards that both ECM and their customers demand. “We stand by our services and our level of quality 100 percent. We work hard to obtain these certificates so our customers can feel confident not only in our ability to perform the job, but to perform the job at the highest quality standard in the industry,” stated Lucas Prato, director of quality for ECM.
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