# Smiths acquires DRC Heat Transfer for £164M

Smiths Group agreed to acquire US-based DRC Heat Transfer, a designer and manufacturer of custom heat transfer and cooling solutions for data center power generators, for £164 million. DRC will be integrated into Flex-Tek's industrial heat business.

- Type: Acquisition
- Announced: 2026-03-03
- Where: near Chicago, United States
- Jobs: 250
- Status: announced
- Products: custom heat transfer and cooling solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Smiths Group](https://endata.com/companies/11567.md) (acquirer)
- [DRC Heat Transfer](https://endata.com/companies/90632.md) (target)

## Sources

- [smiths.com](https://www.smiths.com/news-and-insights/news/2026/smiths-acquires-drc-heat-transfer), 2026-03-03: "This acquisition marks further progress on our strategy as we scale Flex-Tek’s industrial heat business into higher growth end markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.