The strategic plan for Smiths Medical will be further developed with the leadership over the coming months.Andy Reynolds Smith, Chief Executive of Smiths, said:“Pursuing a demerger of Smiths Medical will lead to two stronger companies each focusing on accelerating the execution of their plans and maximising the opportunities in their respective markets.With sustained operational improvement and investment, both Smiths and Smiths Medical are well positioned to capitalise on their leadership positions and new products.Smiths will become a leading Industrial Technology group concentrated on the execution of its organic and inorganic growth strategy whilst maximising shareholder value.” Smiths is a global technology company listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). The Board will continue to evaluate all opportunities for value maximisation as the process goes forward, with the overriding objective of continuing to strengthen both Smiths Medical and Smiths in the interests of optimising shareholder value.In preparation, Smiths is making good progress on the recruitment of a Smiths Medical CEO and has assessed the timetable and workstreams involved in the demerger. Smiths Group to float medical division in demerger plans. Its businesses share common characteristics (well-positioned in growing markets, technology-led, asset-light, digitising, with a high proportion of aftermarket revenues) and a common operating model (The Smiths Excellence System). Alan Tovey, Industry Editor 22 March 2019 • 1:18pm. Smiths Group plc: Registered office 4th Floor, For more information visit Smiths Medical is a leading supplier of specialised medical devices and equipment for global markets, focusing on medication delivery, vital care and safety devices.
For more information visit Smiths colleagues from around the world bring to life the critical role that our technologies play in the world.Advancing innovation and digital transformation at Smiths, starting with our Smiths Digital Forge in San Francisco.Hear from engineers at Smiths about their experiences in the sector.An introduction to Smiths Group, characteristics of our business and an FY2019 overview. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTIONFurther to the announcement on 14 November 2018, Smiths Group plc announces its intention to pursue a demerger of the Smiths Medical business and separately list it in the UK. Based on the work done to date, Smiths does not foresee any potential roadblocks in executing the demerger. Smiths expects to complete the process during the first half of CY2020, conditional on the approval of Smiths’ shareholders. Further to the announcement on 14 November 2018, Smiths Group plc announces its intention to pursue a demerger of the Smiths Medical business and separately list it in the UK. Smiths Group plc (“Smiths” or the “Group”) Smiths announces its plans for the separation of Smiths Medical, to create two stronger, industry-leading companies. © 2020 Smiths Group plc
Full-year returns for Smiths Group (SMIN) benefited from the positive effects of operational gearing at its John Crane business, together with £57m in favourable currency translations. At a Court Meeting of LCE Holders, also held today, the resolution proposed to approve the Scheme of Arrangement was duly passed by the requisite majority. The hunt for a CEO to head the spun-off business is under way. Smiths Group’s CEO, Andy Reynolds Smith, explained in a statement that “pursuing a demerger of Smiths Medical will lead to two stronger companies each focusing on accelerating the execution of their plans and maximising the opportunities in their respective markets”.
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