CVC to Acquire Smiths Detection for £2 Billion
CVC, a leading global private markets investor, has announced its agreement to purchase Smiths Detection, a worldwide frontrunner in threat-detection and security-screening technologies for airports and critical infrastructure, from Smiths Group plc. With its proven track record in executing corporate carve-outs and scaling newly independent businesses, CVC believes Smiths Detection is well-positioned to strengthen its market leadership and generate meaningful long-term value.
Based in the United Kingdom, Smiths Detection employs approximately 3,400 people, including more than 1,100 field service engineers and over 500 researchers and developers. The company operates across Europe, the United States, and Asia. It holds a global leadership position in aviation security, providing screening technology for carry-on bags, checked luggage, and air cargo at airports. The business serves 47 of the world’s top 50 airports and combines industry-leading hardware with advanced digital capabilities, including automated detection algorithms. Beyond aviation, Smiths Detection serves other essential infrastructure markets such as urban security (screening systems for government and commercial buildings, public venues, and shared spaces) and ports and borders (cargo and vehicle inspection). The company also has a leading specialty in chemical threat identification for defense applications.
Dominic Murphy, Managing Partner and Co-Head of CVC’s UK private equity team, along with Conor Keogh, Managing Director at CVC, commented: “Smiths Detection’s industry-leading threat-detection and security-screening technologies play a vital role in safeguarding people and critical infrastructure globally. We are committed to supporting the business through its next growth phase, continuing investment in technology innovation, high-quality engineering, and best-in-class aftermarket service.”
James Mahoney, Partner and Head of CVC’s private equity activities in Aviation, Defence & Space, added: “We’re excited to collaborate with Jérôme de Chassey and his team. Smiths Detection’s robust market positions, anchored by its global aviation leadership, offer a strong platform for enduring value creation.”
The transaction is subject to customary regulatory approvals and is anticipated to close in the second half of 2026. Barclays served as financial advisor, and Latham & Watkins provided legal counsel to CVC.
The investment will be executed through CVC Capital Partners IX.
