Smiths to divest airport scanner division to CVC for £2 billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
0mins
Source: SeekingAlpha
Proposed Sale of Smiths Detection: Smiths Group has agreed to sell Smiths Detection to CVC Capital Partners for an enterprise value of £2 billion, expecting net cash proceeds of approximately £1.85 billion after adjustments.
Strategic Portfolio Actions: This sale, along with the divestment of Smiths Interconnect, aligns with Smiths Group's strategic portfolio actions announced in January.
Financial Strategy: Smiths aims to maintain a strong balance sheet and investment-grade credit rating while executing a £1 billion share buyback announced on November 19.
Completion Timeline: The completion of the sale is anticipated in the second half of calendar year 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
