Smiths Group plc has announced that it has reached an agreement to sell its Smiths Detection division to funds advised by CVC Capital Partners, in a transaction valued at £2 billion. This sale, together with the previously announced divestment of Smiths Interconnect, marks a key step in implementing the strategy launched at the beginning of 2025. Completion of the process is expected in the second half of 2026, subject to mandatory consultations with the works council in France and customary regulatory approvals.
“Today we have reached an important milestone for Smiths, confirming the agreement to sell Smiths Detection for £2 billion and further accelerating the transformation initiated in January. We are refocusing the company on premium industrial engineering with an emphasis on flow management and thermal technologies, enabling stronger growth and improved returns,” said Roland Carter, Chief Executive Officer of Smiths Group. He added that the company extends its gratitude to Smiths Detection employees for their contribution and cooperation throughout the process.
The transaction value reflects the long-term growth potential of Smiths Detection and, according to the management, represents a more attractive option than a demerger. Smiths plans to return a significant portion of the net proceeds to shareholders while maintaining a strong balance sheet. The company remains committed to the previously announced £1 billion share buyback and to further strengthening profitability.
With the divestment of two divisions, Smiths is strategically repositioning itself as a focused engineering company with a stronger financial profile and stable growth across the energy, industrial, and construction sectors. Management emphasizes that the released capital will be directed into development, innovation, and targeted acquisitions that will further accelerate the company’s transformation.
































