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Smiths Group plc ( (GB:SMIN) ) just unveiled an announcement.
Smiths Group has agreed to acquire U.S.-based DRC Heat Transfer, a designer and manufacturer of custom heat transfer and cooling solutions for power generators in data centres and other industrial, transit and energy markets, for £164 million, equivalent to 10 times DRC’s adjusted 2025 EBITDA. DRC, which generated £73 million in 2025 revenue and employs more than 250 staff near Chicago, will be integrated into Smiths’ Flex-Tek industrial heat business, expanding its reach into fast-growing, mission-critical power generation and data centre cooling applications.
The acquisition extends Flex-Tek’s capabilities into cooling and broader thermal solutions, enabling Smiths to serve a wider customer base and deepen its presence in structurally growing markets such as data centre back-up power. Management positions the deal as a key step in scaling Flex-Tek into higher-growth adjacencies, broadening its offering for existing customers and increasing its addressable market, with completion expected in the second half of fiscal 2026 subject to customary approvals.
The most recent analyst rating on (GB:SMIN) stock is a Hold with a £2934.00 price target. To see the full list of analyst forecasts on Smiths Group plc stock, see the GB:SMIN Stock Forecast page.
Spark’s Take on GB:SMIN Stock
According to Spark, TipRanks’ AI Analyst, GB:SMIN is a Neutral.
Smiths Group plc’s overall stock score reflects strong financial health and strategic initiatives to enhance shareholder value. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. Positive earnings call and corporate events provide a supportive outlook.
To see Spark’s full report on GB:SMIN stock, click here.
More about Smiths Group plc
Smiths Group is a London-listed industrial engineering company with a 175-year history, operating across energy, industrials, construction and aerospace markets. It focuses on solving complex customer challenges such as decarbonisation and improving process and energy efficiency, and has a global presence in more than 50 countries.
Average Trading Volume: 1,211,933
Technical Sentiment Signal: Buy
Current Market Cap: £8.56B
Find detailed analytics on SMIN stock on TipRanks’ Stock Analysis page.