Smiths to Sell Airport Scanning Business in £2bn Deal

Smiths to sell airport scanning business in £2bn deal

The sale of Smiths Detection to CVC Capital Partners follows the £1.3 billion deal to offload Smiths Interconnect announced in October.

CVC to acquire Smiths Detection for £2bn

Private markets investment firm CVC has agreed to acquire Smiths Detection from Smiths Group in a transaction valued at £2bn ($2.65bn).The post CVC to acquire Smiths Detection for £2bn appeared first on Airport Technology.

Smiths offloads detection unit to CVC in £2bn deal

Smiths Group has agreed to sell its airport security scanning division, Smiths Detection, to CVC Capital Partners in a transaction valuing the business at £2bn, according to a report by Bloomberg. The FTSE-listed engineering group expects net proceeds of about £1.85bn and plans to return a significant portion to shareholders. The move follows a £1bn buyback announced in November as part of a broader restructuring. Smiths has been streamlining it…

FTSE 100 firm Smiths Group to sell Detection arm for £2bn

FTSE 100 company Smiths Group is selling its Detection division to private equity firm CVC Capital Partners in a £2 billion deal. The price tag equates to 16.3 times operating profit and 12.5 times EBITDA for the year to 31st July 2025. Smiths expects to pocket around £1.85bn in net cash once the sale completes, after the usual adjustments.  The move is the second big portfolio shake-up this year, following the agreed sale of Smiths Interconnect…

Smiths Group strikes deal to offload detection business for £2bn

London listed Smiths Group is set to offload another of its businesses, as it works to streamline its operations after bowing to increasing investor pressure. The FTSE 100 company has agreed to sell its Smiths Detection division to private equity firm CVC Capital Partners in a £2bn deal. The business manufactures threat detection technology, including airport security scanners. The transaction is expected to be completed in the second half of 20…

Deal Roundup: CVC agrees £2bn buyout of airport baggage security business Smiths Detection, WCAS eyes $1.89bn Lumexa valuation in IPO

CVC has agreed to buy airport baggage screening business Smiths Detection in a £2bn deal including debt. The post Deal Roundup: CVC agrees £2bn buyout of airport baggage security business Smiths Detection, WCAS eyes $1.89bn Lumexa valuation in IPO appeared first on AltAssets Private Equity News.