4 May 2004
Smiths Group today announced the completion of the acquisition of specialist aero-engine component manufacturer, Dynamic Gunver Technologies (DGT) of the US, for a cash sum of US $102 million (60m). This follows approval from the EU and US regulatory bodies.
Commenting on the purchase, Smiths Group chief executive Keith Butler-Wheelhouse said: "This acquisition continues Smiths strategy of growth in our major markets. We continue to seek excellent opportunities to strengthen our presence through investing in new technology and new business."
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 – Q3 Trading Update
Find out more
Smiths Detection awarded contract to provide checkpoint screening technology for Dubai International Airport
Read our latest company news as Smiths Detection is awarded a new contract from DAEP to provide checkpoint screening technology for Dubai International Airport
Find out more
![Davinci Gen V Gen Front View[36]](/media/wlocq5n4/davinci-gen-v-gen-front-view-36.jpg?width=431&height=214&format=webp&quality=100&v=1dbb81c2473de50)
Smiths Interconnect launches ‘DaVinci Gen V’ next-generation test socket
Read our latest company news as Smiths Interconnect launches ‘DaVinci Gen V’ next-generation test socket
Find out more
