Acquisition

Smiths Group PLC 19 March 2008 Smiths acquisition adds new dimension to John Crane Smiths Group, the global technology company, today announces the acquisition of Indufil BV, a Dutch-based specialist in filters for the petrochemical and process industries. The cost of the acquisition, which has not been disclosed, is to be satisfied in cash. Final agreement is subject to the usual Dutch employee consultation and approval procedures and completion is subject to regulatory approvals. Indufil designs and builds specialist filtration systems. These are used for rotating equipment in the petrochemical and power sectors. It also benefits from a strong aftermarket for its products. Indufil will become part of Smiths John Crane business. In the financial year to 31 December 2007, Indufil had sales of £26 million. Paul Cox, Group Managing Director of Smiths Specialty Engineering, said: 'This is a great example of our growth strategy of expanding John Crane's technology footprint. Last October we acquired Sartorius which added rotating bearings, now Indufil adds filtration systems to our growing portfolio.' He added: 'Indufil competes in a market worth in excess of £300 million. It sells a broad range of filtration systems, filter elements and associated products to customers who already use John Crane's technology and services for their equipment and facilities. With growth driven by the expansion of the turbine power generation sector and rising petrochemical consumption, there is great scope to increase the sale of Indufil products using the global John Crane network.' Employing some 95 people, Indufil manufactures in Duiven and Ede, The Netherlands. ENDS Investor Relations Media Peter Durman Chris Fox +44 (0)20 8457 8203 +44 (0)20 8457 8403 About John Crane John Crane, a Smiths Group business, designs and manufactures seals and associated products and provides services mainly for the oil & gas, chemical, pharmaceutical, pulp & paper and mining sectors. Since being established over 80 years ago John Crane has become a leader in its field. John Crane's products are a globally recognised and trusted brand by the oil and gas industry. The John Crane business has 20 manufacturing sites around the world and more than 6,000 employees. For further information visit www.johncrane.com About Smiths Group Smiths is a global technology company listed on the London Stock Exchange. A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Our products and services make the world safer, healthier and more productive. Smiths Group employs more than 20,000 people in over 50 countries. For more information visit www.smiths.com This information is provided by RNS The company news service from the London Stock Exchange ZZ
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