CVC announces its plan to acquire Smiths Detection for £2 billion
CVC, a leading private markets investor with a global footprint, revealed today that it has entered into a binding agreement to acquire Smiths Detection from Smiths Group plc. Smiths Detection is a world-renowned provider of threat-detection and security-screening technologies used at airports and other critical infrastructure. Drawing on CVC’s proven track record with corporate carve-outs and scaling newly independent businesses, Smiths Detection is well-positioned to reinforce its market leadership and generate substantial long-term value.
Based in the United Kingdom, Smiths Detection employs about 3,400 people, including more than 1,100 field service engineers and over 500 research and development specialists, with operations spanning Europe, the United States, and Asia. The company holds the #1 global position in aviation security, delivering screening technology for carry-on baggage, checked luggage, and air cargo at airports. It serves 47 of the world’s top 50 airports and combines leading hardware with advanced digital capabilities, including automated detection algorithms. Beyond aviation, Smiths Detection serves other critical infrastructure sectors, such as urban security (systems for government and commercial buildings, public venues, and shared spaces) and ports and borders (cargo and vehicle inspection). The business also maintains a leading niche capability in chemical threat identification for defense applications.
Dominic Murphy, Managing Partner and Co-Head of CVC’s UK private equity team, and Conor Keogh, Managing Director at CVC, commented: “Smiths Detection’s industry-leading threat-detection and security-screening technologies play a crucial role in safeguarding people and critical infrastructure worldwide. We are eager to back the company’s next phase of growth through ongoing investment in technology innovation, exceptional engineering, and first-rate aftermarket support.”
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 leadership in aviation, create a strong platform for sustained value creation.”
The deal remains subject to customary regulatory approvals and is anticipated to close in the second half of 2026. Barclays acted as the financial advisor to CVC, with Latham & Watkins serving as legal counsel. The investment will be executed through CVC Capital Partners IX.
