Aug 03, 2021 / 09:00AM GMT
Operator
Good day, and thank you for standing by. Welcome to the Smiths Group plc call. (Operator Instructions) I would now like to hand the conference over to your speaker today, Paul Keel. Please go ahead.
Paul A. Keel - Smiths Group plc - CEO & Executive Director
Good morning, everyone, and thank you for joining us today. For those of you, who I've not yet met, my name is Paul Keel, and I had the honor of joining this great company as CEO in May. I am joined today by our CFO, John Shipsey. We are pleased to announce that we have entered into a definitive agreement to sell Smiths Medical for a price of USD 2.3 billion plus an additional $0.2 billion contingent on future performance of Smiths Medical. This delivers on the commitment we made to separate this business and focuses our attention, resources and capital on the many exciting opportunities available to us in Smiths' attractive industrial technology core. Let me walk you through the details of today's announcement, beginning on Slide 3.
We took the decision to separate Medical in order to simplify
Smiths Group PLC to Discuss Agreement for the Sale of Smiths Medical to TA Associates Management LP Call Transcript
Aug 03, 2021
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