30 November 2001
Smiths Group has completed the disposal of five small non-core businesses, for a total consideration of approximately 10 million. The businesses were all previously part of TI Group, which merged with Smiths last year, and make specialised equipment not associated with the principal activities of Smiths. Together, these businesses have sales of 41 million and employ some 640 people.
The disposals are:
- Cambridge Vacuum Engineering Ltd, acquired by Aquasium Technologies Ltd;
- Woodville Airbag Engineering, sold to Automotive Safety Components International, a subsidiary of Safety Components International Inc.;
- Three former EIS Group businesses: Horstman Defence Systems Ltd, Aeronautical & General Instruments Ltd, and AB Precision (Poole) Ltd, all acquired by Harris Watson Holdings PLC.
Smiths Group is a global business with market-leading positions in advanced aerospace systems; mechanical and polymer seals; medical devices and critical care equipment; and interconnect products.
ENDS
General media enquiries
Contact our global media and communications team at:
Please note – the press team can only answer enquiries from accredited members of the press.
Related articles
Response to shareholder letter
Find out more
Smiths Detection expands partnership with Fukuoka International Airport
Smiths Detection, part of Smiths Group, provides 3D X-ray technology to help speed passengers speed through security at Fukuoka International Airport.
Find out more
Appointment of Chief Financial Officer and upgraded FY2025 guidance
Find out more
