Smiths Group Agrees to Sell Threat Detection, Security Screening Technology Business

03:02 AM EST, 12/03/2025 (MT Newswires) -- Smiths Group (SMIN.L) agreed to sell its threat detection and security screening technology business, Smiths Detection, to a CVC Capital Partners-advised (CVC.AS) fund at an enterprise value of 2 billion pounds sterling. The transaction is anticipated to close in the second half of 2026, subject to the finalization of a consultation process with the works council of Smiths Detection France and other customary regulatory approvals, according to a Wednesday release. The British engineering company will return a major portion of net cash proceeds, totaling 1.85 billion pounds, to shareholders, and the remainder will be used to invest in organic and inorganic growth.