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Smiths Group to acquire DRC Heat Transfer for £164m

By Iain Gilbert

Date: Tuesday 03 Mar 2026

(Sharecast News) - Engineering firm Smiths Group has agreed to acquire US-based custom heat transfer and cooling solutions designer DRC Heat Transfer for £164m.
Smiths said on Tuesday that DRC will be integrated into its Flex-Tek unit's industrial heat business, enabling it to serve "a wider customer group" in fast-growing end...

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