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£963 million in sales
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£122 million profit
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£1.6 billion in total assets
The brand’s reach extends far beyond airports, supplying x-ray and detection systems to government facilities, commercial buildings, and critical infrastructure hubs.
Smiths Group Sharpens Its Industrial Identity
Smiths Group CEO Roland Carter framed the sale as another milestone in the company’s strategic realignment announced in January. The divestiture of Smiths Detection follows the group’s recent sale of Smiths Interconnect to Molex Electronic Technologies for £1.3 billion.
Carter said the transaction “positions us strongly to deliver enhanced growth and returns” as Smiths refocuses on becoming a premium industrial engineering firm specializing in flow management and thermal solutions.
Smiths Group expects to net £1.85 billion in cash from the sale of Smiths Detection, with plans to return “a large portion” to shareholders.
Restructuring a Global Portfolio
The divestments mark a major shift for the London-listed conglomerate, long known for its diverse portfolio of engineering technologies. Now, by selling two of its major business units in rapid succession, Smiths is betting on a tighter, higher-margin industrial identity.
The sale of Smiths Detection is expected to close by December, pending regulatory approvals and mandatory consultations with the works council of Smiths Detection France SAS.
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