# 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.

- Type: Acquisition
- Announced: 2023-08-30
- Where: United States
- Value: $82.0M
- Status: completed
- Products: HVAC solutions, axial and radial seal duct technology
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Smiths Group](https://endata.com/companies/11567.md) (acquirer)
- [Heating & Cooling Products](https://endata.com/companies/72327.md) (target)

## Sources

- [smiths.com](https://www.smiths.com/news-and-insights/news/2023/smiths-group-acquires-heating-and-cooling-products), 2023-08-30: "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."

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