Supporting a premium rating for Smiths
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
Watch our full year results video where our CEO and CFO discuss the separation process and future of Smiths, including our new, enhanced financial targets that support a premium rating for Smiths.
Read latest news related to our strategic actions
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:
