Smiths Industries Aerospace Acquires Invensys Aerospace Businesses

Smiths Industries (London, England) announced it has agreed to acquire the aerospace division of Invensys (London, England) for $175 million.

Based in the United States, the division specializes in products for electrical power management and aircraft utilities. Smiths says the acquisition will extend its range of aerospace electronics into a closely related area of systems and components for aircraft. Invensys says it is selling the division as part of its strategy to refocus on industrial automation and control.

"This was an opportunity too good to miss," said Smiths Chief Executive, Keith Butler-Wheelhouse. "Invensys Chief Executive Allen Yurko and I have dealt directly on a willing seller/willing buyer basis. The business has good synergies with our existing aerospace operations. It is exactly the type of acquisition we are looking for to broaden our capability as a first-tier supplier to the major aircraft manufacturers."

Businesses and their products being acquired by Smiths include:

• Barber-Colman Aerospace (Loves Park, IL), aircraft environmental control systems;
• Aerospace Avionics (Bohemia, NY), power conversion units and cockpit warning panels, primarily for military applications;
• Lambda Advanced Analog (Melville, NY), hybrid circuit power supplies for spacecraft, military and industrial use;
• Lambda Novatronics (Pompano Beach, FL) special-application electronic power systems; and
• Tech Development, turbine air motors.

Edited by David Robb