- Smiths Group Sells Detection Arm to CVC in £2.0bn Deal
LONDON, UK – Smiths Group plc announced on Wednesday it has entered into an agreement to sell its Smiths Detection division to private equity firm CVC Capital Partners for an enterprise value of £2.0 billion.
The sale is a key part of Smiths’ strategy to reposition itself as a focused industrial engineering company.
The deal, announced on December 3, 2025, will see the UK-based engineering firm receive approximately £1.85 billion in net cash proceeds. Smiths Group CEO Roland Carter stated the transaction is a significant milestone that allows the company to concentrate on its core technologies in flow management and thermal solutions.
This move follows the recently announced sale of the Smiths Interconnect division, marking the execution of a strategic overhaul initiated in January 2025. According to the company, a large portion of the proceeds will be returned to shareholders.
The sale values Smiths Detection, a global leader in threat detection and screening technologies for aviation, ports, and urban security, at 12.5 times its 2025 fiscal year earnings before interest, taxes, depreciation, and amortization (EBITDA).
Completion of the transaction is expected in the second half of 2026, pending customary regulatory approvals and consultation processes with the works council of Smiths Detection France SAS.
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