LONDON, UK: Smiths Group plc, a leading industrial technology company, has acquired Heating & Cooling Products (HCP), a US-based manufacturer of Heating, Ventilation & Air Conditioning (HVAC) solutions. The addition of HCP will further expand Smiths Group’s presence in the North American HVAC market, enabling Smiths to serve customers with an even broader product range,…
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Smiths Group selling Smiths Medical for $2.3 billion
LONDON, UK: Smiths Group plc has entered into an agreement for the sale of Smiths Medical to Trulli Bidco Limited, a wholly owned subsidiary of funds advised by TA Associates LLP. The proposed transaction values Smiths Medical at an enterprise value of $2.3 billion (equivalent to £1.7 billion), plus an additional $0.2 billion contingent on…
Smiths Group plc
Smiths Group plc (LSE: SMIN) is a British multinational diversified engineering business headquartered in London, United Kingdom. It has operations in over 50 countries and employs around 23,550 staff. Smiths Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Smiths Group has its origins in a jewellery…