In 2025 we announced a number of strategic actions to unlock significant value creation. We are focussing on our high performance technologies for flow management and thermal solutions:
- Focussing on our world-class John Crane and Flex-Tek businesses
- These businesses have 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 and returning a large portion of all transaction proceeds.
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:
