Building on our strong operational and financial performance, we are pursuing 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.
- In September 2025 we entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings
- In December 2025 we entered into an agreement for the sale of Smiths Detection to funds advised by CVC Capital Partners
- We will return 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:
