Smiths Group today extended its reach into the turbomachinery market with the acquisition of Gottingen, Germany-based Sartorius Bearing Technology (SBT) for €20m in cash.
SBT provides rotating equipment for the oil and gas industry and employs around 100 people. The company’s product portfolio includes tilting pad bearings for high-speed rotor applications, standard thrust and journal multilobe bearings, and combined bearings for restricted assembly and mounting applications.
SBT will report through John Crane, a part of Smiths Specialty Engineering that designs and manufactures mechanical seals and associated products for the oil & gas, chemical, pharmaceutical, pulp & paper and mining sectors.
‘The acquisition of SBT marks an important development in Smiths Group’s expansion within the energy sector,’ said Keith Butler-Wheelhouse, Chief Executive of Smiths Group. ‘SBT’s bearing technology will enhance John Crane’s peerless offering of high performance seals and associated products and services, and will help to maintain our position as a leading provider of technology and services for the global oil and gas industry.’
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Oh I don't know. The typical waiting time outside of A&E for admitting patients would give them plenty of time to recharge … ?