Acquisition

Smiths Group PLC
21 March 2007



News Release
London, 21 March 2007
For immediate release



Smiths Group acquisition extends role in energy sector



SMITHS Group, the global technology business, today announces the acquisition of
CDI Energy Services (CDI) of Tyler, Texas.



CDI is a leading provider of sales and service for pumping equipment that aids
production from oil and gas wells, a technology known in the industry as '
artificial lift'. The company has also developed well monitoring and performance
improvement services which increase productivity and longevity of customers'
wells.



CDI was founded in 1892 as part of the Axelson Company and was acquired by the
current private shareholders in 1999.  It is located and incorporated in Texas,
USA. The total cost of the acquisition was $37.0m (£19.2 m), which has been
satisfied in cash.



CDI will extend Smiths Group's participation in the oil and gas industries, and
will report through John Crane, which is part of the Specialty Engineering
division. John Crane designs and manufactures Mechanical Seals and associated
products for the oil & gas, chemical, pharmaceutical, pulp & paper and mining
sectors.



Keith Butler-Wheelhouse, chief executive of Smiths Group, said: 'This
acquisition marks a broadening of our technology in the energy sector. John
Crane has a peerless product range, currently focused on seals and associated
products, with a truly global service and support footprint. CDI brings new
products to our offering and adds important new capability to our fast-growing
remote energy asset management services.'



Global Energy Products, a sister business also acquired, supplies CDI with
globally sourced pumps, rods and other related equipment critical to the
business.



ENDS



Smiths Group
Smiths is a global technology company, listed on the London Stock Exchange.
Smiths Group is a world leader in the practical application of advanced
technologies.  Its products and services make the world safer, healthier and
more productive. Smiths Group has four divisions: Aerospace, Detection, Medical
and Specialty Engineering. It employs 32,000 people and has over 250 major
facilities in 50 countries. On 15 January 2007 Smiths Group announced the sale
of Smiths Aerospace to GE which remains subject to regulatory approval. For more
information visit www.smiths.com







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