Smiths Group to sell detection unit to CVC for $2.65 billion
03/12/2025 07:23
Dec 3 (Reuters) - British engineering firm Smiths Group SMIN.L said on Wednesday it would sell its Smiths Detection business, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including debt, to private equity firm CVC Capital Partners. ($1 = 0.7549 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Harikrishnan Nair) ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))