Acquisition

Smiths Group PLC 02 August 2005 News Release London, 02 August 2005 For immediate release Smiths announces three acquisitions Smiths Group plc has announced three acquisitions with a total consideration of £16 million in cash. These are in the Medical and the Specialty Engineering divisions and they are in line with company's strategy for growth. Smiths Medical has continued the consolidation of its global sales channels with the acquisition of its distributor, Sevit, in Italy, Europe's fourth largest medical device market. The consideration was £3.5 million. The acquisition is part of the company's strategy to take more direct control of its sales channels in important markets. It also reflects the benefits of the recent acquisition of Medex, as Sevit will be combined with the existing Medex manufacturing and sales operation in Italy and will run by the enlarged business, Smiths Medical Italia. Smiths Group has continued to develop the Flexible Technologies business of its Specialty Engineering division by acquiring two U.S. manufacturers to complement its product range and customer base. It has purchased Hi-Tech Hose Inc., based in Georgetown, Massachusetts for a consideration of £9 million and Farnam Custom Products of North Carolina for £3.5 million. - Ends - Contacts Media Chris Fox +44 (0)20 8457 8403 Investors Russell Plumley +44 (0)20 8457 8302 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 more information, visit www.smiths-group.com Smiths Medical is a leading supplier of devices used during critical and intensive care, surgery, post-operative care during recovery, and in a series of high-end home infusion therapies. Flexible Technologies, part of the Specialty Engineering division of Smiths Group plc, offers a wide range of flexible hose and ducting for commercial and consumer air moving products and for the conveying of gas, liquid and airborne solids in the industrial processes. It is a leading supplier of vacuum cleaner hose. Ducting and heating elements are also offered for the HVAC and domestic appliance markets. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings