TITLE

Medical advance for Smiths

AUTHOR(S)
Lee, Andrew
PUB. DATE
December 2004
SOURCE
Engineer (00137758);12/10/2004, Vol. 293 Issue 7665, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that Smith Group PLC claims to have moved into the medical devices big league after paying almost � 500 m for a leading U.S. healthcare technology company. The British engineering group said that the acquisition of Medex, a major supplier of infusion equipment used in critical medical care, would give it a leading position in the global market for anesthesia and safety devices. The purchase will mark a huge expansion of Smiths Medical, the group's medical systems division, giving it total annual sales in the region of � 640m and placing it in the world top 20 in its market.
ACCESSION #
15358712

 

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