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Smiths Group
Smiths Group plc is a British, multinational, diversified engineering business headquartered in London, England. It operates in over 50 countries and employs 15,000 staff. Smiths Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Smiths Group has its origins in a jewellery shop, S Smith & Sons, which was founded by the watchmaker and businessman Samuel Smith. Supplying its precision watches to various clients, including the Admiralty, the business quickly grew and expanded into a major provider of timepieces, diamonds, and automotive instrumentation. On 21 July 1914, the business became a public limited company, holding onto this status for over a hundred years. Significant restructuring of Smiths Group took place during the 1950s, the foundations of Smiths Medical Systems division were laid while Smiths Aviation and Smiths Marine were organised as separate divisions. Throughout much of the twentieth century, Smiths Group was the principal supplier of instruments to the British motorcar and motorcycle industries, organising itself as Smiths Industries Ltd in 1960.
By the late 1970s, the markets for clocks, watches, and automotive instruments had progressively decreased to the point where little of Smith's revenue came from these sources; Smiths Industries decided to cease its involvement as a direct supplier of Europe's automotive industry in the early 1980s. In 1984, Smiths Industries was reorganised into three principal operating divisions: Industrial, Medical Systems, and Aerospace and Defence. Smiths Aerospace became a key source of business for the wider group, supplying both military and civilian customers. The medical division of Smiths Group would ultimately by acquired by ICU Medical in January 2022. In the twenty-first century, the company's principal activities have been the manufacture of sensors that detect and identify explosives, products and services for the major process industries, products that connect, protect and control critical systems, and engineered components that heat and move fluids and gases.
The watch chronometer and instrument retailer's business was established by Samuel Smith as a jewellery shop at 12 Newington Causeway in south east London in 1851. In 1875, Samuel Smith died at the age of 49; during his time in control of the firm, it had experienced a rapid rate of growth. During 1872, it relocated the centre of its operations to 85 The Strand, next door to the premises of Charles Frodsham. In 1885, a large business operating as diamond merchants emerged, based at 6 Grand Hotel Buildings, Trafalgar Square, and from 1895 at 68 Piccadilly.
The companies produced a range of high quality precision watches; perhaps the most major customer for these was the Admiralty. Its precision watches were typically manufactured by Nicole Nielsen of Soho Square. During 1904, retailing and wholesaling of Smiths-branded motor accessories was launched; Nicole Nielsen produced Smiths' initial speedometer, the Perfect Speed Indicator; the first of which was delivered to Edward VII, the reigning British monarch, for the Royal Mercedes.
During 1907, in order to satisfy the high demands for its products, Nicole Nielsen had to open a new factory in Watford. Around this time, Smiths also began to manufacture some of their own motor products, particularly speedometers. Starting in 1913, all motor accessories activities were carried out from handsome purpose-built premises at Speedometer House, 179-185 Great Portland Street ("Motor Row"). The premises in the Strand became a Lyons tearoom, but the jewellers' establishments were retained at Trafalgar Square and 68 Piccadilly. By this time, motor accessories production included Smiths multiple-jet carburettors (designed by Trier & Martin), lighting sets, headlamps, sidelights, tail lights, dynamo and electric starters, generators and the Smith's Auto-Clear mechanical horn.
On 21 July 1914, Smiths Group was floated on the London Stock Exchange; the organisation has been present on the exchange for over one hundred years.
The outbreak of the First World War in 1914 contributed to Smiths Group making gains in multiple markets around the world that had been previously held by the German competition. By 1915, new contracts issued by the British War Office for aeroplane accessories, lighting sets, and munitions required the speedy erection of a new freehold factory. This new factory, known as Cricklewood Works, was built at Cricklewood, north London. In 1921, the firm's Great Portland Street activities were moved to Cricklewood following the purchase of the former Metallurgique works alongside their Cricklewood Works. During the Interwar period, the company's accessories became standard fittings in new cars all provided by the manufacturer.
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Smiths Group
Smiths Group plc is a British, multinational, diversified engineering business headquartered in London, England. It operates in over 50 countries and employs 15,000 staff. Smiths Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Smiths Group has its origins in a jewellery shop, S Smith & Sons, which was founded by the watchmaker and businessman Samuel Smith. Supplying its precision watches to various clients, including the Admiralty, the business quickly grew and expanded into a major provider of timepieces, diamonds, and automotive instrumentation. On 21 July 1914, the business became a public limited company, holding onto this status for over a hundred years. Significant restructuring of Smiths Group took place during the 1950s, the foundations of Smiths Medical Systems division were laid while Smiths Aviation and Smiths Marine were organised as separate divisions. Throughout much of the twentieth century, Smiths Group was the principal supplier of instruments to the British motorcar and motorcycle industries, organising itself as Smiths Industries Ltd in 1960.
By the late 1970s, the markets for clocks, watches, and automotive instruments had progressively decreased to the point where little of Smith's revenue came from these sources; Smiths Industries decided to cease its involvement as a direct supplier of Europe's automotive industry in the early 1980s. In 1984, Smiths Industries was reorganised into three principal operating divisions: Industrial, Medical Systems, and Aerospace and Defence. Smiths Aerospace became a key source of business for the wider group, supplying both military and civilian customers. The medical division of Smiths Group would ultimately by acquired by ICU Medical in January 2022. In the twenty-first century, the company's principal activities have been the manufacture of sensors that detect and identify explosives, products and services for the major process industries, products that connect, protect and control critical systems, and engineered components that heat and move fluids and gases.
The watch chronometer and instrument retailer's business was established by Samuel Smith as a jewellery shop at 12 Newington Causeway in south east London in 1851. In 1875, Samuel Smith died at the age of 49; during his time in control of the firm, it had experienced a rapid rate of growth. During 1872, it relocated the centre of its operations to 85 The Strand, next door to the premises of Charles Frodsham. In 1885, a large business operating as diamond merchants emerged, based at 6 Grand Hotel Buildings, Trafalgar Square, and from 1895 at 68 Piccadilly.
The companies produced a range of high quality precision watches; perhaps the most major customer for these was the Admiralty. Its precision watches were typically manufactured by Nicole Nielsen of Soho Square. During 1904, retailing and wholesaling of Smiths-branded motor accessories was launched; Nicole Nielsen produced Smiths' initial speedometer, the Perfect Speed Indicator; the first of which was delivered to Edward VII, the reigning British monarch, for the Royal Mercedes.
During 1907, in order to satisfy the high demands for its products, Nicole Nielsen had to open a new factory in Watford. Around this time, Smiths also began to manufacture some of their own motor products, particularly speedometers. Starting in 1913, all motor accessories activities were carried out from handsome purpose-built premises at Speedometer House, 179-185 Great Portland Street ("Motor Row"). The premises in the Strand became a Lyons tearoom, but the jewellers' establishments were retained at Trafalgar Square and 68 Piccadilly. By this time, motor accessories production included Smiths multiple-jet carburettors (designed by Trier & Martin), lighting sets, headlamps, sidelights, tail lights, dynamo and electric starters, generators and the Smith's Auto-Clear mechanical horn.
On 21 July 1914, Smiths Group was floated on the London Stock Exchange; the organisation has been present on the exchange for over one hundred years.
The outbreak of the First World War in 1914 contributed to Smiths Group making gains in multiple markets around the world that had been previously held by the German competition. By 1915, new contracts issued by the British War Office for aeroplane accessories, lighting sets, and munitions required the speedy erection of a new freehold factory. This new factory, known as Cricklewood Works, was built at Cricklewood, north London. In 1921, the firm's Great Portland Street activities were moved to Cricklewood following the purchase of the former Metallurgique works alongside their Cricklewood Works. During the Interwar period, the company's accessories became standard fittings in new cars all provided by the manufacturer.