LONDON - Smiths Group plc ("Smiths Group" or the "Company") announced that it has agreed to acquire Seebach GmbH, a provider of highly-engineered filtration solutions, from Avedon Capital Partners for an enterprise value of €60m, to integrate into its John Crane division.
The acquisition underlines John Crane’s commitment to accelerate growth in its specialised filtration business, and reflects management’s confidence for the business’ future prospects.