Our strategy is to supplement organic growth with disciplined bolt-on M&A.
We have a strong balance sheet and the flexibility to support a range of growth opportunities, and will continue to allocate capital in a disciplined way for value creation.
As evidenced by recent acquisitions, we have an active acquisition pipeline, providing us with a great set of opportunities through which we can grow our business, but we will maintain our strict value creation discipline.
Success stories: Recent acquisitions
Find out more about our recent acquisitions and how we are successfully integrating them into Smiths Group to create value.
Smiths Group acquires Duc-Pac Corporation
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Smiths Group announces two North American acquisitions for up to £110m
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Broadening our offering in the US HVAC market with HCP
Smiths Group acquired Heating & Cooling Products (HCP), a US-based manufacturer of Heating, Ventilation & Air Conditioning (HVAC) solutions. The addition further expands Smiths Group’s presence in the North American HVAC market, enabling Smiths to serve customers with an even broader product range, including HCP’s patented axial and radial seal duct technology which improves energy efficiency.
Expanding our position in the semiconductor test market with Plastronics
Smiths Group acquired Plastronics, a leading supplier of burn-in test sockets and patented spring probe contacts for the semiconductor test market segment, as well as custom connectors for industrial applications.
Plastronics’ technology, products, and capabilities complement and strengthen Smiths Interconnect’s existing portfolio of products and supports our ambition to be the partner of choice for semiconductor test customers around the world.
Team contacts
We have well-established M&A capabilities and a dedicated Corporate Development team who drive idea generation and execution.
Chris Carey
T: +44 (0) 20 7004 1600
E: Chris.carey@smiths.com
Daniel Ross-Jones
T: +44 (0) 20 7004 1600
E: daniel.ross-jones@smiths.com
Zeynep Sedefci
T: +44 (0) 20 7004 1600
E: zeynep.sedefci@smiths.com
