![]() |
|
Smiths heads Down Under
A London-based technology group has expanded its expertise in the wireless communications market after buying an Australian electronics firm.
Smiths Group, which employs more than 20,000 people in 50 countries, has bought Brisbane-based components manufacturer Triasx. The company was bought for an undisclosed cash sum after the board reached an agreement with its private owners.
The deal strengthens Smiths’ Interconnect business, which designs and manufacturers specialised electronic and radio frequency products that connect, protect and control critical systems for the aerospace, defence, space and medical markets.
Smiths Interconnect acting president Ralph Phillips said Triasx is a good fit for the company. “With manufacturing in Australia and China, the acquisition is part of Smiths Interconnect’s strategy of expanding its global footprint,” he added. “The Triasx range of products will be extensively marketed across its existing global sales network.”
Triasx has some 160 employees in Australia and Suzhou, China. For the 12 months to July 2008, Triasx posted estimated sales of £12.5 million.
Smiths’ products and services support the customs, medical and energy and communications markets.

People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
- Cardiff to establish venture fund Nov 28 2008
- Kay Technologies receives £1.8m windfall Nov 28 2008
- Dolphin buys Software Express Nov 27 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Ultra Electronics gains MidEast foothold Dec 01 2008
- Commoditrade takes control of AMCO Dec 01 2008
- Moto picks up Roadchef site Nov 28 2008
- Accessories 4 Technology's £4m boost Nov 28 2008
- NCC secures Next Generation acquisition Nov 27 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
