Smiths Group has begun merger talks with ICU Medical

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UK engineering firm Smiths Group has begun talks with the US company ICU Medical about merging the two firms’ healthcare operations” BBC (2018).

BBC report “UK engineering firm Smiths Group has begun talks with the US company ICU Medical about merging the two firms’ healthcare operations. In a statement, Smiths said it was in “very early discussions” to combine its medical unit with the rival US firm.

It added, the board “routinely reviews all options for the Group’s portfolio of businesses” to maximise value for shareholders. However, Smiths stressed there was “no certainty” a deal would be concluded. The UK engineering giant is also reported to be holding discussions with other US companies.”

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