15 April 2002
Smiths Group has completed the sale of its marine seals business (formerly John Crane-Lips) to Wartsila Corporation of Finland, for 215 million. The terms of the deal are as announced on 30 January. The consideration has been received and this has reduced the company's current level of borrowings to approx. 900m.
ENDS
Related articles
Smiths Interconnect launches new technology to improve connectivity in mission critical applications
Read our latest company news as Smiths Interconnect launches new connector technology
Find out more
Smiths Group supports launch of Ariane 6 space rocket
Read our latest company news as Smiths Group supports the launch of the Ariane 6 space rocket
Find out more
Smiths Detection Selected by Zurich Airport to Trial Advances CT X-Ray Scanners
Read our latest company news as Smiths Detection is selected by by Zurich Airport to Trial Advances CT X-Ray Scanners.
Find out more
