{"id":8804,"date":"2018-01-19T00:00:00","date_gmt":"2018-01-19T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/smiths-group-plc-divests-hydrodynamic-bearings-business-to-miba-ag\/"},"modified":"2026-06-25T13:20:29","modified_gmt":"2026-06-25T17:20:29","slug":"smiths-group-plc-divests-hydrodynamic-bearings-business-to-miba-ag","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/smiths-group-plc-divests-hydrodynamic-bearings-business-to-miba-ag\/","title":{"rendered":"Smiths Group plc divests hydrodynamic bearings business to Miba AG"},"content":{"rendered":"\n<p><strong>Livingstone\u2019s Industrial sector team advised <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.smiths.com\/\"><strong>Smiths Group plc<\/strong><\/a><strong> on the divestment of <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.johncrane.com\/\"><strong>John Crane\u2019s Bearings<\/strong><\/a><strong> business to <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.miba.com\/en\/\"><strong>Miba AG<\/strong><\/a><strong>, a privately owned Austrian-based manufacturer of highly engineered components, sold to a variety of end markets globally.<\/strong><\/p><p>John Crane\u2019s Bearings business comprises two US companies and one German company across four sites &lpar;three US and one German&rpar; specializing in the manufacture and maintenance of hydrodynamic bearings for leading international customers in the power generation, oil &amp; gas, and general industrial markets.<\/p><p>This divestment is part of Smiths Group plc\u2019s ongoing corporate strategy to concentrate their portfolio on scalable, market-leading positions in the Group\u2019s chosen markets. The proceeds will be reinvested in attractive growth opportunities for Smith Group plc.<\/p><p><strong>James Mortensen, M&amp;A Director at Smiths Group plc<\/strong>, commented:&nbsp;<em>\u201cTheir experience, straightforward approach and seamless interplay between the cross-border team made Livingstone a great team to work with; and their hard work was much appreciated.\u201d<\/em><\/p><p><em>\u201cOur Global Industrial team ran a tight process with buyers from Asia, Europe, and the US to reach another successful carve-out transaction,\u201d<\/em> added <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/team\/andrew-isgrig\/\"><strong>Andrew Isgrig<\/strong><\/a><strong>, Partner at Livingstone<\/strong>. \u201c<em>We are excited for the John Crane Bearings team as they join Miba to help grow its Industrial Bearings division. This multi-jurisdictional carve-out demonstrates Livingstone\u2019s execution excellence on complex global carve-outs for multinational industrial clients.\u201d<\/em><\/p><p>The completion of this transaction further reinforces Livingstone\u2019s position as advisers of choice to companies in the industrials sector, following the divestment of&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/livingstone-2.klingit-development.comtransactions\/livingstone-advises-morgan-advanced-materials-plc-non-core-divestment\/\">Morgan Advanced Materials plc\u2019s UK Electro Ceramics business<\/a>&nbsp;and marks the&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/livingstone-2.klingit-development.comtransactions\/livingstone-advises-smiths-group-on-the-sale-of-specac\/\">second transaction for Smiths following the previous divestment of the Group\u2019s Specac division<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3351,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-8804","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1194,1183],"date":"20180119","client_type":41,"type":[1105],"region":[375,376,369],"services":[434],"sectors":[637],"related_transactions":"","related_testimonials":[49293],"contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Smiths Group plc divests hydrodynamic bearings business to Miba AG - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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