Acquisition

Smiths Group PLC 30 January 2002 Smiths acquires anaesthesia kits and trays business from Abbott Smiths Group has acquired the epidural kits and trays business of Abbott Laboratories, Hospital Products Division. The assets were purchased for $26 million, of which $15 million was paid on completion and the balance will be paid on 30 June this year. Production of kits & trays is being transferred to Smiths Medical facilities in the US and UK. Abbott will continue to supply the analgesic drugs used in these products within the US. This deal will strengthen the position of Smiths Medical as an international supplier of anaesthesia kits and trays. Enquiries to: Russell Plumley or Richard Bayliss Tel: 020 8457 8306 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings