Smiths Group - M&A Summary and Business Overview

DiversifiedCompany

Smiths Group M&A Summary

Smiths Group has acquired 10 companies. A total of 7 acquisitions came from private equity firms. It has also divested 7 assets.

Smiths Group’s largest acquisition to date was in 2005, when it acquired Medex for $925M. It’s largest disclosed sale occurred in 2021, when it sold Smiths Medical Group to ICU Medical for $2.7B. Smiths Group has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include medical products (25%) and test/measurement equipment (13%).

Smiths Group Business Overview

Where is Smiths Group headquartered?

Smiths Group is headquartered in London, United Kingdom.

What is Smiths Group’s revenue?

Smiths Group disclosed revenue of 2,548M GBP for 2020 and 2,498M GBP for 2019.

How many employees does Smiths Group have?

Smiths Group has 14,000 employees.

What sector is Smiths Group in?

Smiths Group is a diversified company.

When was Smiths Group founded?

Smiths Group was founded in 1851.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity8
    • M&A Sell Activity7
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 15
  • M&A Advisors 4

Smiths Group

Smiths Group Plc

11-12 St James's Square 4th Floor,
London, SW1Y 4LB
United Kingdom,
+44 20 7004 1600
www.smiths.com

Smiths Group is a world leader in the practical application of advanced technologies. Our products and services. Smiths Group was founded in 1851 and is based in London, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $2.3B $2.3B
Sell (0.2/yr) # 6 - 1 - - - 7
vol $516M $2.7B $3.2B
  15

Most Recent M&A

Company Date Value Type
Smiths Medical Group Ltd. 2021-09-08 2.7B USD Divestiture
London, Minnesota · www.smiths-medical.com
United Flexible, Inc. 2018-10-04 345M USD Add-on Acquisition
Romeoville, Illinois · www.unitedflexible.com
Morpho Detection, Inc. 2017-07-10 76M USD Divestiture
Newark, California
Power Distribution, Inc. 2017-01-27 - Divestiture
Richmond, Virginia · www.pdicorp.com
Smiths Group plc - Wallace Product Line 2016-11-06 168M USD Divestiture
London, United Kingdom
Morpho Detection, Inc. 2016-04-21 710M USD Divestiture
Newark, California
Specac Ltd. 2015-04-22 - Divestiture
Orpington, United Kingdom · www.specac.com
Power Distribution, Inc. 2011-10-12 235M USD Add-on Acquisition
Richmond, Virginia · www.pdicorp.com
Indufil BV 2008-05-06 - Add-on Acquisition
Duiven, Netherlands
Kelvin Hughes Ltd. 2007-11-09 80M GBP Divestiture
London, United Kingdom · www.kelvinhughes.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
John Crane Group Corp. 2000-01-01 Seebach GmbH 2018-06-14 2
Morton Grove, Illinois · www.johncrane.com Vellmar, Germany · www.seebach.com
Smiths Interconnect, Inc.    - Smiths Interconnect, Inc. - Microwave Telecoms Business 2017-05-02 1
Thousand Oaks, California · www.smithsinterconnect.com , United States
John Crane Group Corp. 2000-01-01 CDI Oilfield Services SRL 2016-09-23 2
Morton Grove, Illinois · www.johncrane.com Ploiesti, Romania
John Crane Group Corp. 2000-01-01 John Crane Production Solutions, Inc. 2016-09-23 1
Morton Grove, Illinois · www.johncrane.com Sugar Land, Texas · www.productionsolutions.net
John Crane Group Corp. 2000-01-01 XPD8 Solutions Ltd. 2015-10-28 1
Morton Grove, Illinois · www.johncrane.com Aberdeen, United Kingdom · www.xpd8solutions.com
Smiths Interconnect, Inc.    - Interconnect Devices, Inc. 2010-03-22 2
Thousand Oaks, California · www.smithsinterconnect.com Kansas City, Kansas · www.idinet.com
Smiths Interconnect, Inc.    - TRAK Communications, Inc. 2004-04-04 1
Thousand Oaks, California · www.smithsinterconnect.com Tampa, Florida · www.trakcommunications.com

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 2 (25%) 980M (43%) 2 (29%) 2.9B (89%)
Electrical Equipment 1 (13%) 235M (10%) 1 (14%) -
Manufacturing 1 (13%) 345M (15%) 1 (14%) -
Safety/Security 1 (13%) 710M (31%) 1 (14%) 76M (2%)
Energy Services and Equipment 1 (13%) - - -
Machinery 1 (13%) - - -
Test/Measurement Equipment 1 (13%) - - -
Building Materials - - 1 (14%) 192M (6%)
Technology Hardware - - 1 (14%) 80M (2%)
Total 8 $2.3B 7 $3.2B

By Geo

State/Country Buy Value Sell Value
United States 7 2.3B 3 2.8B
  Illinois 2 345M - -
  California 1 710M 1 76M
  Virginia 1 235M 1 -
  Colorado 1 - - -
  Ohio 1 925M - -
  New York 1 55M - -
  Minnesota - - 1 2.7B
United Kingdom - - 4 440M
Netherlands 1 - - -
Domestic - - 4 (57%) 440M (14%)
Cross-border 8 (100%) 2.3B (100%) 3 (43%) 2.8B (86%)
Total 8 $2.3B 7 $3.2B

Top M&A Advisors

Financial Deals
Gleacher Shacklock LLP
1
Harris Williams & Co.
1
Legal Deals
Freshfields
1
White & Case
1

Deal Values

buy # Total
$100M to $1B 4 $2.2B
< $100M 1 $55M
TOTAL $2.3B
Largest Medex, Inc.
$925M (2005-03-21)
sell # Total
> $1B 1 $2.7B
$100M to $1B 2 $360M
< $100M 2 $156M
TOTAL $3.2B
Largest Smiths Medical Group Ltd.
$2.7B (2021-09-08)

M&A Connections

Deals
Acquired from
Investor(s)
63%
5 (63%)
Strategic(s)
13%
1 (13%)
Divested to
Investor(s)
57%
4 (57%)
Strategic(s)
43%
3 (43%)

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