Smiths Group Buys Sartorius Bearing Technology For EUR 20 Mln

AM Smiths Group plc (SMIN.L) on Monday revealed the acquisition of Sartorius Bearing Technology, a leading provider of high performance rotating equipment for the oil and gas industry. The company noted that the total value for the transaction is EUR 20 million, which will be paid in cash.

Sartorius Bearing Technology would extend Smiths Group's range of advanced technology products aimed at the turbomachinery industry and would report through John Crane, a part of Smiths Specialty Engineering division.

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