Smiths Group completed the acquisition of Heating & Cooling Products for $82m.

Smiths Group, an industrial technology company focusing on the practical application of advanced technologies, completed the acquisition of Heating & Cooling Products, a US-based manufacturer of heating, ventilation & air conditioning solutions, for $82m. “Smiths has now posted eight straight quarters of growth, and the addition of HCP allows us to further build on this momentum by adding synergistic capabilities, through an accretive transaction, in a market we know well. We welcome our new colleagues from HCP to Smiths,” Paul Keel, Smiths Group CEO.