9th Nov 2007 07:01
Smiths Group PLC09 November 2007 News ReleaseLondon, 9 November 2007For immediate release Smiths Group sells Marine Systems business Smiths Group plc, the global technology company, announced today that it hassold its Marine Systems business to KH Finance Limited, a company owned by ECIPartners LLP, for £52 million, comprising £48 million - which has been satisfiedin cash - and a deferred payment of up to £4 million in cash depending oncertain conditions being satisfied. Marine Systems, which was a part of Smiths Specialty Engineering, trades asKelvin Hughes and ChartCo and employs some 330 people, the majority located inEssex, UK. In the period to 31 July 2007 it had sales of £57.7 million. ENDS Smiths Group Smiths is a global technology company listed on the London Stock Exchange. Aworld leader in the practical application of advanced technologies, Smiths Groupdelivers products and services for the threat & contraband detection, medicaldevices, energy and communications markets worldwide. Our products and servicesmake the world safer, healthier and more productive. Smiths Group employs morethan 20,000 people in over 50 countries. For more information visitwww.smiths.com Investor Relations MediaSteve Warren Chris Fox+44 (0)20 8457 8203 +44 (0)20 8457 8403 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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