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flag Smiths Group sells its security unit to CVC for £2B, focusing on industrial growth and shareholder returns.

flag Smiths Group has agreed to sell its Smiths Detection unit, which makes airport security scanners and explosive detectors, to CVC Capital for £2 billion, including debt. flag The deal, expected to close in late 2026, follows pressure from activist investor Engine Capital to streamline the 170-year-old firm. flag Smiths will focus on its industrial divisions, John Crane and Flex-Tek, and return most of the £1.85 billion net proceeds to shareholders. flag The sale completes a strategic shift after the earlier divestment of Smiths Interconnect. flag The global aviation sector is increasingly adopting advanced screening tech like CT scanners to enhance security and passenger convenience.

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