# Smith Group agrees to sell John Crane bearings business to Miba for $35 million

Smith Group agreed to sell the bearings business of mechanical seal maker John Crane to Austrian company Miba AG for US$35 million. The divestment was reported in 2018.

- Type: Acquisition
- Announced: 2018-01-01
- Value: $35.0M
- Status: announced
- Products: bearings
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Miba AG](https://endata.com/companies/1421.md) (acquirer)
- [John Crane](https://endata.com/companies/3206.md) (target)
- [Smith Group](https://endata.com/companies/4704.md) (partner)

## Sources

- [industrysourcing.cn](https://www.industrysourcing.cn/article/360289), 2019-03-02: "史密斯集团达成协议，按3500万美元的价格，将机械密封件专业企业约翰•克兰的轴承业务出售给奥地利企业Miba AG。"

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