Wattco, known for its industrial electric heaters such as water immersion and open coil heaters, will enable Smiths to expand into medium temperature immersion and circulation heating—a complementary addition to Smiths’ existing offerings in electrical heating.
Continued North American Growth
These latest acquisitions follow Smiths’ $82 million purchase of U.S.-based Heating & Cooling Products in August 2023, which also became part of the Flex-Tek business. Additionally, Smiths sold a majority stake in U.S. company ICU Medical Inc. for $152 million in July, streamlining its operations and focusing on its core industrial technology segments.
