Skip to main content

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.


Related articles

Aerial Shot Of Forest

John Crane awarded key energy transition contracts in North America

Find out more Call to action arrow icon
Mobile Scanner

Advanced X-ray screening equipment used to help secure NFL Super Bowl

Find out more Call to action arrow icon
Japan Airport

Smiths Detection technology to be used at Fukuoka International Airport 

Find out more Call to action arrow icon