Smiths Interconnect (United States)

company in Thousand Oaks, United States

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Smiths Group sells airport scanning business for £2 billion
business Dec 3, 2025, 10:11 AM
Smiths Group sells airport scanning business for £2 billion
  • Smiths Group agreed to a £2 billion sale of its Smiths Detection division to CVC Capital Partners amidst shareholder pressure.
  • This follows a £1.3 billion sale of Smiths Interconnect, part of the company's strategy to focus on core industrial segments.
  • The sale aims to enhance shareholder returns and position Smiths for growth in its key areas.
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