Smiths Group Buys China Device Maker
November 28, 2008 at 13:20 PM EST
Smiths Group of London (LSE: SMIN), an engineering conglomerate that includes Smiths Medical, a medical device division, has acquired Zhejiang Zheda Medical Instrument (ZDMI). Based in Hangzhou, ZDMI makes syringe pumps and enteral feeding devices primarily for the Chinese market. Last year, ZDMI reported sales of 73 million RMB ($10.7 million). The purchase price was not disclosed. More details...
