Building on our strong operational and financial performance, we have pursued 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.
- We have completed the sale of Smiths Interconnect to Molex Electronic Technologies Holdings.
- In 2025 we entered into an agreement for the sale of Smiths Detection to funds advised by CVC Capital Partners. This is set to complete by the end of calendar year 2026.
- We are returning a large portion of the proceeds to shareholders.
Our strategy and business model
When we have completed these strategic actions we will be a premium, 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:
