Smiths Group acquires Heating & Cooling Products for $82M

Smiths Group plc acquired US-based HVAC manufacturer Heating & Cooling Products (HCP) for $82 million on a cash and debt-free basis. HCP will be integrated into Smiths' Flex-Tek division.

“Smiths has now posted eight straight quarters of growth, and the addition of HCP allows us to further build on this momentum by adding synergistic capabilities, through an accretive transaction, in a market we know well.”smiths.com

• 1 source
• smiths.comSmiths Group Acquires Heating and Cooling Products | Smiths GroupAug 30, 2023

Summarized from public sources; check the original articles before acting on it.