NEW! Investment Companies Centre
Virgin Credit Card:
£2,993.36m
13.00p ()
769.50p
Date: Tuesday 01 Jul 2008
LONDON (ShareCast) - Global technology company Smiths Group has purchased an Australian manufacturer of wireless communication components.
Smiths is buying Brisbane-based Triasx for an undisclosed sum from private owners.
In the 12 months to June 2008 Triasx’s sales were estimated at £12.5m. It employs about 160 employees in Brisbane, Australia, and Suzhou, China.
Triasx specialises in the design and development of complex radio frequency filter products for the wireless communications market. Its activities will extend and complement Smiths Interconnect’s microwave business, and its products will be marketed across Smiths Interconnect’s global sales network.
“Triasx has in-depth knowledge of the telecommunications radio frequency market and an excellent R&D capability,” said Ralph Phillips, acting president of Smiths Interconnect.
“The Triasx interference testing devices fit well with our existing Summitek business and together they will offer an unparalleled range of interference testing solutions,” Phillips added.
| Currency | UK Pounds |
| Share Price | 769.50p ![]() |
| Change Today | +13.00p |
| 52 Week High | 1,156.00 |
| 52 Week Low | 702.00 |
| Volume | 1,993,656 |
| Shares Issued | 389.00m |
| Market Cap | £2,993.36m |
| Beta | 0.91 |
| RiskGrade | 311 |
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| Strong Buy | 1 |
| Buy | 4 |
| Neutral | 2 |
| Sell | 1 |
| Strong Sell | 4 |
| Total | 12 |

| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 22-Oct-08 | 26-Mar-08 |
| Paid | 21-Nov-08 | 25-Apr-08 |
| Amount | 23.50p | 10.50p |
| Finance Director | John Langston |
| Chair | Donald H Brydon |
| CEO | Philip Bowman |