Acquisition

Smiths Group PLC
01 June 2004







News Release

London, 01 June 2004

For immediate release





Smiths completes acquisition of US Interconnect business for $111.5 million cash

Smiths Group today announced the completion of the acquisition of TRAK
Communications Inc., a leader in the design and manufacture of microwave
sub-systems, antennas and related components, for a cash sum of $111.5 million
(£63m). This follows approval from the EU and US regulatory bodies.



This acquisition is the fifth Smiths has announced since presenting its interim
results on 10 March, bringing total expenditure to $330.5 million (£187m).



Commenting on this acquisition, Smiths Group chief executive Keith
Butler-Wheelhouse said; 'Smiths continues to pursue its strategy of profitable
growth through investing in new technology and the acquisition of businesses
which complement or expand our offering to the customer.'



Smiths Group designs and manufactures safety critical systems and products, and
has market leading positions in aerospace systems, detection systems, medical
devices, mechanical seals, and interconnect products.

For further information, visit www.smiths-group.com



Contact:



Media:   Bernard Carey:  020 8457 8403  Investors: Russell Plumley 020 8457 8203
         Caroline Harris:  020 8457 8306














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