Our strategy

Our strategy is focused on growing faster, executing better and doing even more to inspire and empower our people. We are moving with greater pace and urgency, to deliver performance reflective of our vast capabilities.

 

The Smiths Value Engine connects our capabilities to our potential, enabling us to deliver value to our stakeholders on a sustainable basis. The Engine has three key components: Our Values and Purpose, Our Strengths, and Our Priorities.

 

Our purpose, Strengths, Priorities

PASSION | INTEGRITY | RESPECT | OWNERSHIP | CUSTOMER FOCUS
OUR VALUES AND PURPOSE

We are Pioneers of Progress. For over 170 years, Smiths has been improving our world through smarter engineering. Our technology benefits millions of people every day – making travel safer, supporting sustainable energy transition, efficiently heating or cooling our homes, and helping our world stay connected.

Our values and our commitment to doing business responsibly are more than just words. They influence every decision and help to make Smiths a place where people want to work, an organisation that is valued, and one that people want to do business with.

Our strengths

  • World-Class Engineering
    World-Class Engineering

    Pioneers across multiple geographies and industries over time

  • Leading Positions in Critical Markets icon
    Leading Positions in Critical Markets

    Valued partners supplying mission-critical products and services

  • Global Capabilities icon
    Global Capabilities

    The depth and reach to think globally while acting locally

  • Robust Financial Framework icon
    Robust Financial Framework

    Resilient, repeatable revenues with low asset intensity and high cash generation

Our priorities

Growth icon
Growth
  • Strong execution to maximise underlying market expansion
  • Improved new product development and commercialisation
  • Extending our reach to build out priority adjacencies
  • Supplementing organic growth with disciplined M&A
  • Developing green technology solutions for our customers
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Execution
  • Smiths Excellence System 2.0 advancing us from learning to doing
  • Creating a faster and consistent operating rhythm throughout Smiths
  • Continuous improvement to deliver value for customers
  • Executing against our environmental commitments
People icon
People
  • Progress begins and ends with our people
  • Safety and wellbeing always at the forefront, in everything we do
  • Inspiring and empowering our people
  • Embedding an inclusive and diverse workplace
  • Expanding on our already strong ESG culture