Acquisition

Smiths Group PLC 02 December 2004 News Release London, 2 December 2004 For immediate release Smiths Strengthens its Presence in China with the Acquisition of a Leading Chinese Mechanical Seals Business Smiths Group today announced that its Specialty Engineering business, John Crane, the international leader in modern sealing technology, has acquired Chinese-based Tianjin Timing Seals Co Ltd and associated technology for a consideration of £2.5m in cash. The company, which will be known as John Crane Timing, is a leading provider of gas sealing products for industrial turbo-machinery applications in China. This acquisition underscores Smiths' strategy to invest in China. In April, Smiths Aerospace opened a facility in Suzhou, Jiang Su province, to manufacture aircraft engine and airframe components. Other Smiths activities in China include Polyphaser, Shanghai, which is part of Smiths Interconnect, and an existing John Crane joint venture in Tianjin. John Langston, Group managing director, Smiths' Specialty Engineering division, said 'This acquisition combines John Crane Timing's proprietary technology and capability with the resources of the John Crane organisation to offer the very latest sealing solutions for major industries in China and internationally'. Smiths Group designs and manufactures safety critical systems and products and has market-leading positions in aerospace systems, detection systems, medical devices, mechanical seals and interconnect products. For further information, visit www.smiths-group.com - Ends - Contacts Media Caroline Harris +44 (0)20 8457 8306 Investor Relations Russell Plumley +44 (0)20 8457 8203 Notes to editors: John Crane, part of the Specialty Engineering division of Smiths Group, is the acknowledged technology leader and the world's largest manufacturer of Mechanical Seals and associated products. With a workforce of over 6000 people in 47 countries, it provides an unrivalled global presence combined with personalised local service and support. This information is provided by RNS The company news service from the London Stock Exchange
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