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Smiths Group sells its security unit to CVC for £2B, focusing on industrial growth and shareholder returns.
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.
The deal, expected to close in late 2026, follows pressure from activist investor Engine Capital to streamline the 170-year-old firm.
Smiths will focus on its industrial divisions, John Crane and Flex-Tek, and return most of the £1.85 billion net proceeds to shareholders.
The sale completes a strategic shift after the earlier divestment of Smiths Interconnect.
The global aviation sector is increasingly adopting advanced screening tech like CT scanners to enhance security and passenger convenience.
Smiths Group vende su unidad de seguridad a CVC por £ 2 mil millones, centrándose en el crecimiento industrial y los rendimientos de los accionistas.