REG - Smiths Group PLC - Completion of DRC Heat Transfer acquisition

SmithsAnnouncement

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RNS Number : 1573Z  Smiths Group PLC  02 April 2026

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FOR IMMEDIATE RELEASE

 

2 April 2026

 

SMITHS GROUP PLC

 

 

 

Completion of DRC Heat Transfer acquisition

 

Smiths Group plc ('Smiths') is pleased to announce that it has completed the
purchase of DRC Heat Transfer ('DRC') in accordance with the terms of the
purchase agreement entered into between the parties. The transaction was
originally announced on 3 March 2026.

 

DRC will be integrated into Flex-Tek's Thermal Solutions business and is
consistent with the strategy of building into high growth adjacencies. DRC
will enable Flex-Tek to serve a wider customer group in fast growing end
markets with products and solutions that are additive to Flex-Tek's existing
portfolio. In particular, the acquisition will strengthen Flex-Tek's presence
in the power generation market where growth is underpinned by significant
structural growth trends, such as data centre back-up power, and other
mission-critical applications.

 

Commenting on the acquisition, Roland Carter, CEO of Smiths, said:

"The acquisition of DRC further demonstrates our focus on value creative
growth and delivering on our strategy at pace and with discipline. I am
delighted to welcome the DRC team to Smiths as we continue to demonstrate the
delivery of sustainable value across our business."

 

 

ENDS

 

 IR contacts                                                      Media contacts

 Siobhán Andrews, Smiths Group                                    Tom Steiner, Smiths Group

+44 (0) 7920 230093
+44 (0)7787415891
 siobhan.andrews@smiths.com (mailto:siobhan.andrews@smiths.com)   tom.steiner@Smiths.com (mailto:tom.steiner@smiths.com)

 Ana Pita da Veiga, Smiths Group                                  Alex Le May, FTI Consulting

+44 (0) 2037271340
 +44 (0)7386 689442                                               Smiths@fticonsulting.com (mailto:smiths@fticonsulting.com)

 ana.pitadaveiga@Smiths.com

Legal Entity Identifier (LEI): 213800MJL6IPZS3ASA11

 

About Smiths Group

For 175 years, we have been pioneers of progress, engineering a better future.
Our strategy is to be a focused, efficient and value creating industrial
engineering company operating in the attractive and growing market segments of
energy, industrials, construction and aerospace.

We focus on solving the toughest problems for our customers, helping address
critical global needs such as decarbonisation and the ever-increasing demand
for process and energy efficiency. Listed on the London Stock Exchange, we are
present in over 50 countries worldwide. For more, visit www.smiths.com
(http://www.smiths.com) .

 

 

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