Keywords
Citation
(2000), "Smiths Industries acquire Actuation Systems business from BAe Systems", Aircraft Engineering and Aerospace Technology, Vol. 72 No. 4. https://doi.org/10.1108/aeat.2000.12772dab.018
Publisher
:Emerald Group Publishing Limited
Copyright © 2000, MCB UP Limited
Smiths Industries acquire Actuation Systems business from BAe Systems
Smiths Industries acquire Actuation Systems business from BAe Systems
Keywords: Smiths Industries, BAe Systems, Mergers and acquisitions, Actuation Systems
With its second aerospace acquisition this year, Smiths Industries has added further to its aircraft equipment and components activities with the acquisition of the Actuation Systems subsidiary of BAE Systems North America, for $100 million (£63 million). This follows the $175 million acquisition of the aerospace division of Invensys plc, completed at the end of January. Together, these deals support the development of a key product area for Smiths Industries Aerospace - the control and management of aircraft utilities.
The acquisition of Actuation Systems extends Smiths Industries' control technologies into systems located throughout the aircraft. Through its increasing involvement in these utilities, the company informs us that it aims to strengthen its position as a first-tier supplier of highly integrated systems to the aircraft prime manufacturers.