14 March 2001
Smiths Group has sold its industrial hydraulics business to SPX Corporation of Muskegon, Michigan. SPX operates complementary fluid power businesses world-wide, under the name of SPX Fluid Power.
Smiths Chief Executive, Keith Butler-Wheelhouse, said: Our Industrial activities are now focussed on the fast-growing interconnect sector and air movement products. Industrial hydraulics was not a core activity and it will benefit from joining SPX, a recognised specialist in this field."
The business manufactures hydraulic pumps, valves and power packs for use in rail systems, material handling and industrial markets. Based at Witney, Oxfordshire, it employs 135 people.
ENDS
Related articles
John Crane signs five-year contract to support major oil company’s Canada complex
Read our latest company news as John Crane signs a 5-year contract with a major hydrocarbon processing complex
Find out more
John Crane awarded major 5-year Dry Gas Seal repair contract from KPO
John Crane, a global leader in rotating equipment solutions and energy transition technologies and services, and a business of Smiths Group plc, has been awarded a significant contract from Karachaganak Petroleum Operating B.V. (KPO) one of the major oil and gas operators based in Kazakhstan.
Find out more
Smiths Interconnect launches new technology to reduce power loss in industrial batteries
Innovative, environmentally friendly product provides up to 90% more energy transfer than existing offering
Find out more
