Supporting a premium rating for Smiths
Building on our strong operational and financial performance, we are pursuing a number of strategic actions to unlock significant value and enhance returns to shareholders:
- We are focussing on our world-class John Crane and Flex-Tek businesses
- In September 2025 we entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings
- In December 2025 we entered into an agreement for the sale of Smiths Detection to funds advised by CVC Capital Partners
- We will return a large portion of the proceeds to shareholders
Watch our full year results video where our CEO and CFO discuss the separation process and future of Smiths, including our new, enhanced financial targets that support a premium rating for Smiths.
Read latest news related to our strategic actions
Smiths Group plc sale of Smiths Detection
Smiths announces that it has entered into an agreement to sell Smiths Detection to funds advised by CVC Capital Partners.
Smiths Group plc sale of Smiths Interconnect
Smiths announces that it has entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings, LLC.
Smiths Group acquires Duc-Pac Corporation
Read about the integrated offer in Flex-Tek's North American construction segment.
Strategic actions to unlock significant value and enhance returns to shareholders
Smiths now to focus on high performance industrial technologies for efficient flow and heat management.
Smiths Group announces two North American acquisitions for up to £110m
Learn how the acquisition provides the opportunity to expand into medium temperature immersion and circulation heating.
Smiths Group Acquires Heating & Cooling Products
The addition of HCP will further expand Smiths Group’s presence in the North American HVAC market.
Smiths Interconnect expands into burn-in test market with acquisition of Plastronics
Read how Plastronics’ technology, products, and capabilities complement and strengthen Smiths Interconnect’s existing portfolio of products.
Smiths Group further strengthens Flex-Tek with acquisition of United Flexible for $345m
Learn how the acquisition strengthens Flex-Tek’s positions in aerospace and industrial end markets globally.
Our strategy and business model
When we have completed these strategic actions we will be a focused industrial engineering company specialising in high performance technologies for flow management and thermal solutions.
End Markets
Our businesses operate in attractive, growing end markets aligned with positive structural megatrends:
