In January 2025, we announced a number of strategic actions to unlock significant value creation. We are focussing on our high performance industrial technologies for efficient flow and heat management:
- Focussing on our world-class John Crane and Flex-Tek businesses
- These are leading positions in attractive markets with structural growth mega-trends
- They have a track record of organic growth, strong operational and financial performance, and attractive financial returns
As part of this strategic update, our Smiths Interconnect business will be divested, and Smiths Detection will be separated either by UK demerger or sale following the sale of Smiths Interconnect.
We are committed to enhancing shareholder returns, increasing our buyback programme to £500m and returning a large portion of all transaction proceeds.
Our business model
Until we have completed the strategic actions announced in January 2025 we continue to run our four businesses to leverage our strengths, deliver our potential and create value for all stakeholders. Click here to learn more about our businesses.
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