M&A Deal Summary

ICU Medical Acquires Smiths Medical

On September 8, 2021, ICU Medical acquired medical products company Smiths Medical from Smiths Group for 2.7B USD

Acquisition Highlights
  • This is ICU Medical’s 5th transaction in the Medical Products sector.
  • This is ICU Medical’s largest (disclosed) transaction.
  • This is ICU Medical’s 5th transaction in the United States.
  • This is ICU Medical’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2021-09-08
Target Smiths Medical
Sector Medical Products
Buyer(s) ICU Medical
Sellers(s) Smiths Group
Deal Type Divestiture
Deal Value 2.7B USD

Target

Smiths Medical

London, Minnesota, United States
Smiths Medical is a supplier of specialized medical devices and equipment for global markets, focusing on the medication delivery, vital care, and safety devices market segments. Smiths Medical is based in London.

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Buyer(S) 1

Buyer

ICU Medical

San Clemente,, California, United States
Category Company
Founded 1984
Sector Medical Products
Employees14,000
Revenue 2.3B USD (2023)
DESCRIPTION

ICU Medical is a developer, manufacturer and marketer of medical devices used in vascular therapy, oncology and critical care applications. ICU Medical was founded in 1984 and is based in San Clemente, California.

DEAL STATS #
Overall 5 of 5
Sector (Medical Products) 5 of 5
Type (Divestiture) 2 of 2
State (Minnesota) 2 of 2
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Pursuit Vascular

Maple Grove, Minnesota, United States

Pursuit Vascular, Inc. is a medical device company with a primary focus on innovative catheter disinfecting products and technologies to reduce costly bloodstream infections and lower healthcare costs. Pursuit Vascular, Inc. was founded in 2009 and is based in Maple Grove, Minnesota.

Buy $75M

Seller(S) 1

SELLER

Smiths Group

London, United Kingdom
Category Company
Founded 1851
Sector Diversified
Employees15,156
Revenue 3.0B GBP (2023)
DESCRIPTION

Smiths Group is a provider of practical applications of advanced technologies. Smiths Group was founded in 1851 and is based in London, England.

DEAL STATS #
Overall 7 of 7
Sector (Medical Products) 2 of 2
Type (Divestiture) 7 of 7
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 United Flexible

Romeoville, Illinois, United States

United Flexible, Inc. engages in the design, development, manufacture, and support of high performance and mission-critical engineered solutions for the transfer of fluids and gases in extreme environments. The Company provides a broad portfolio of product lines including fixed and flexible tubes and precision bellows, which are made to exacting requirements and sold to leading OEMs in attractive end-markets such as aerospace/defense engines and systems, industrial, and power generation.

Buy $345M
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