UK's Smiths Group agrees to $2.4 bln sale of medical unit to ICU Medical

ICU Medical

08/09/2021 07:10

Sept 8 (Reuters) - British technology company Smiths Group
 SMIN.L  said on Wednesday it has agreed to sell its medical
unit to U.S.-based ICU Medical Inc  ICUI.O  for $2.4 billion and
has withdrawn its backing for the deal with private equity firm
TA Associates.

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak
Dasgupta)
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