Smiths Group plc ( (GB:SMIN) ) just unveiled an update.
Smiths Group plc has acquired Duc-Pac Corporation, a US-based metal duct manufacturer for HVAC applications, for $40.5 million. This acquisition is part of Smiths Group’s strategy to expand its North American construction segment and enhance its Flex-Tek business by increasing market presence and creating cross-selling opportunities. The acquisition is expected to be accretive to the Group’s margin and aligns with Smiths Group’s track record of integrating bolt-on acquisitions to support organic growth.
More about Smiths Group plc
Smiths Group plc is a leading industrial technology company with a history of over 170 years, serving global markets in energy, security & defence, space & aerospace, and general industrial sectors. The company is listed on the London Stock Exchange and employs approximately 15,000 people across more than 50 countries.
YTD Price Performance: 16.17%
Average Trading Volume: 1,277,717
Technical Sentiment Signal: Sell
Current Market Cap: £6.69B
See more data about SMIN stock on TipRanks’ Stock Analysis page.