|
Smiths Group has acquired Orion Corporation, the US manufacturer of hydrodynamic bearings with 270 staff, for undisclosed terms, in order to expand its John Crane division. 30-Mar-2009 Smiths Group has announced a restructuring programme to save £47m a year, including the loss of more than 50% of its head office staff and the replacement of its North London office with a smaller one in central London. 25-Sep-2008 Smiths Group has acquired Triasx, the Australian wireless communications components manufacturer with 160 staff, for undisclosed terms. 02-Jul-2008 Smiths Group is to shed about 65 head office jobs, mainly affecting its Finchley Road headquarters in London, as part of a reorganisation that will create three separate business units. 04-Jun-2008 Smiths Group has acquired Fiberod, the US supplier of oil and gas lifting equipment with 150 staff, as well as Indufil, the Dutch petrochemical filters company with 95 staff, for undisclosed terms. 20-Mar-2008 Smiths Group has sold Marine Systems, its Essex-based business trading as Kelvin Hughes and ChartCo with 330 staff, to KH Finance for £52m. 12-Nov-2007 Smiths Group has acquired Sartorius Bearing Technology, the German supplier of high-performance rotating equipment with 100 staff, for £14m. 16-Oct-2007 Smiths Group has acquired CDI Energy Services, the US supplier of pumping equipment, for £19m. 22-Mar-2007 Smiths Group is to sell its London-based aerospace division, which has 11,500 staff and manufacturing facilities in five countries, to General Electric of the US for £2.4bn. 16-Jan-2007 Smiths Group is to close its medical devices factory in Hythe, Kent, within two years, with the loss of 534 jobs, in order to transfer production to Mexico. 21-Mar-2006 Smiths Group has acquired Lorch Microwave, the US microwave filter technology company with 155 staff, for £14m. 06-Feb-2006 Smiths Group has acquired LiveWave, the US developer of software systems that link sensors and video cameras to remote viewing stations, for £10m. 09-Nov-2005 Smiths Group has acquired Millitech, the US manufacturer of millimetre wave components and assemblies, for £18m. 23-Sep-2005 Smiths Group has acquired Sevit, the Italian medical device distributor, for £3.5m, as well as Hi-Tech Hose of the US for £9m and Farnam Custom Products of the US for £3.5m. 02-Aug-2005 Smiths Group has acquired ETI Technology, the US specialist in the detection of harmful biological agents, for £2m. 18-May-2005 Smiths Group has acquired US Seals, the US-based manufacturer of mechanical pump seals, for £6m. 16-Mar-2005 Smiths Group is to acquire Farran Technology, the Irish developer of detection systems, for £13m. 17-Feb-2005 Smiths is to acquire Medex, the US manufacturer of medical products, for £478m. 06-Dec-2004 Smiths is to acquire Integrated Aerospace, the US-based supplier of landing gear systems, for £61m. 20-Oct-2004 Smiths Group is looking to spend up to £1.4bn on acquisitions over the next few years to expand its operations in aerospace systems, medical devices and detection equipment. 23-Sep-2004 Smiths Medical has acquired DHD Healthcare, the US respiratory care device company with 118 staff, for £30m. 02-Jul-2004 Smiths is to acquire Trak Communications, the antenna manufacturer with 425 staff in Scotland and the US, from Veritas for £63m. 27-Apr-2004 Smiths Group is to acquire SensIR Technologies, the US manufacturer of infrared-based analysers with 110 staff, for £41m. 15-Apr-2004 Smiths Group is to acquire Dynamic Gunver Technologies, the US manufacturer of aircraft engine components, for £60m. 16-Mar-2004 Lapmaster International, the Devon-based manufacturer of precision finishing machines, has undergone a management buy-out from Smiths Group for undisclosed terms. 07-Nov-2003 Smiths Group is looking to spend up to £1.5bn on acquisitions to expand its aerospace, detection and medical divisions. 25-Sep-2003 Smiths Group is to sell its polymers division to Trelleborg of Sweden for £495m, in order to reduce debt and focus on detection, aerospace and medical equipment. 22-Jul-2003 Smiths Group has shortlisted five bidders for the sale of its Polymer Seals business, which employs 400 staff in the UK, as part of a strategy to focus on aircraft parts and medical equipment. 20-Mar-2003 Smiths Aerospace has shed 34 jobs at its landing gear and hydraulics plant on the Isle of Man. 19-Mar-2003 Smiths Group has sold its Vent-Axia fans and Elkay cables operations to a management team backed by HSBC Private Equity for £125m. 05-Dec-2002 Meggitt has acquired Lodge, the supplier of aerospace sensors and transducers with 100 staff at sites in Basingstoke and Rugby, from Smiths Group for £33m. 06-Nov-2002 Smiths Group has acquired Heimann Systems, the German manufacturer of x-ray detection systems, from Rheinmetall for £235m. 02-Oct-2002 Smiths Group has sold its Fans & Spares distribution business, which includes 18 branches throughout the country, to R&S Cartwright (Manchester) Engineers for £6.5m. 16-Jul-2002 Smiths Group has sold its Colchester-based urology products business and its Sussex-based ostomy products business to Mentor of the US for £7.3m. 08-May-2002 Smiths Group has won a £200m contract to manufacture landing gear systems for the Airbus A380, and the work will be carried out by its Dowty division. 23-Apr-2002 Smiths Group has confirmed plans to shed a further 1,450 jobs this year, as part of a restructuring programme that will include the closure of half of the Basingstoke site and the relocation of the fuels gauging work to Cheltenham. 14-Mar-2002 Smiths Group has sold its John Crane-Lips marine propulsion division to Wartsila of Finland for £215m, and has also announced the £17m acquisition of a US-based epidural kits business from Abbott Laboratories. 31-Jan-2002 Smiths has sold five small subsidiaries for a total £10m, with Cambridge Vacuum Engineering going to Aquasium, Woodville Airbag Engineering to Safety Components International, and three former EIS businesses to Harris Watson. 03-Dec-2001 Smiths is to acquire Summitek Instruments, the US supplier of interference testing equipment, for £7m. 03-Dec-2001 Smiths Group has acquired Bivona Medical Technologies, the US supplier of silicone tubes for medical use, from Saint-Gobain Performance Plastics for £24m. 02-Nov-2001 Smiths is to shed 95 jobs at its Hamble Aerostructures factory in Southampton. 22-Oct-2001 Smiths has sold four vacuum and pressure operations - including Stokes Vakuum, Hibon, Wilhelm Klein and Hick Hargreaves - to BOC Edwards for £13m. 17-Oct-2001 Smiths Group has sold two non-core businesses for £20m, as part of a strategy to focus on aerospace, medical and industrials. 18-Sep-2001 Smiths Group is to shed up to 95 of the 520 jobs at its Dowty Engineered Seals factory in Ashchurch. 20-Jul-2001 Smiths Group has sold its Eschmann medical equipment business, which employs 230 people in West Sussex and Singapore, to a group of private investors for £11m. 03-Jul-2001 Smiths has announced plans to demerge the automotive division inherited from TI, having failed to find a buyer. 15-Mar-2001 Smiths Group is to acquire Barringer Technologies, the US manufacturer of equipment to detect drugs and explosives, for £60m. 12-Mar-2001
|