5 November 2002
Smiths Group has sold its Lodge business, making aero engine sensors, transducers and industrial igniters, to Meggitt PLC, for 33 million in cash.
Commenting on the disposal, Keith Butler-Wheelhouse, chief executive of Smiths, said: 'The sale of Lodge is a logical step in the improvement of our strategic focus. The proceeds from this and other non-core disposals will help to fund future acquisitions in the high growth sectors we have targeted. The disposal follows our recent acquisition of Heimann, the leading detection business and is in line with our policy of matching buys and sells where possible.'
A separate statement has been issued by Meggitt plc.
ENDS
General media enquiries
Contact our global media and communications team at:
Please note – the press team can only answer enquiries from accredited members of the press.
Related articles
Smiths Group plc sale of Smiths Interconnect
Find out more
Smiths Detection sets new standard with future-proof hold baggage and air cargo screening solution
Read our latest company news as Smiths Detection launches new hold baggage and air cargo screening solution.
Find out more
Annual Results for the year ended 31 July 2025
Find out more
