Smiths Industries agrees purchase of EMC Technologies

Smiths Industries has agreed the £25.6m purchase, subject to US regulatory approval, of EMC Technologies, a US-based maker of high-performance connectors, from Strategic Investments and Holdings. EMC supplies mobile telephone base stations with microwave energy protecting connectors. More than 100,000 base stations are expected to be built by the end of 2002. Smiths shares slipped 26.5p to 854.5p.