24 November 2004
Smiths Group today announced the completion of the acquisition of Integrated Aerospace Inc., a privately owned, California-based supplier of specialist landing gear systems, as earlier disclosed, for $110m (61m).
This follows approval from the U.S. regulatory authorities. Smiths Group is satisfying the acquisition in cash funded from the companys existing resources.
Integrated Aerospace is a leading, sole-source supplier of landing gear products for small aircraft including U.S. military helicopters, fighter aircraft, business jets and unmanned aerial vehicles (UAVs). Examples include the F/A-18 Hornet and Super Hornet and the UH-60 Black Hawk. The company is also the technology leader in external fuel tanks for fighter aircraft and helicopters.
Smiths chief executive, Keith Butler-Wheelhouse said: "This acquisition, our seventh in 2004, once again underlines Smiths strategy of profitable growth through the acquisition of businesses with technologies and products which complement or expand our offering to the customer."
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
Smiths Group plc – Q1 Trading Update
Find out more
Smiths Detection supplies industry-leading 3D X-ray scanners to Kansai International Airport
Passengers passing through Osaka’s busiest airport will soon be able to leave liquids and electronics in bags.
Find out more
Smiths Detection receives key certification for its AI-powered threat detection technology
AI-empowered technology identifies a wide range of airport threats and meets strict EU and Dutch requirements, setting an industry benchmark
Find out more
