CVC reveals a £2 billion acquisition of Smiths Detection
CVC, a leading global private markets investor, announced today its agreement to purchase Smiths Detection from Smiths Group plc. Smiths Detection is a worldwide frontrunner in threat-detection and security-screening technologies for airports and critical infrastructure. With CVC’s proven track record in executing corporate carve-outs and scaling newly independent businesses, Smiths Detection is well-positioned to strengthen its market leadership and unlock significant long-term value.
The UK-based company employs about 3,400 people, including more than 1,100 field service engineers and over 500 research and development professionals, and runs facilities across Europe, North America, and Asia. Smiths Detection holds a global leadership role in aviation security, delivering screening solutions for carry-on baggage, hold luggage, and air cargo at airports. The company serves 47 of the world’s top 50 airports and combines industry-leading hardware with cutting-edge digital capabilities, such as automated detection algorithms. Beyond aviation, Smiths Detection serves critical infrastructure markets including urban security (screening systems for government and commercial buildings, public venues, and spaces) and ports and borders (cargo and vehicle inspection), while also offering specialized chemical-threat identification for defense applications.
Dominic Murphy, Managing Partner and Co-Head of the UK private equity team at CVC, and Conor Keogh, Managing Director at CVC, commented: “Smiths Detection’s best-in-class threat-detection and security-screening technologies play a vital role in safeguarding people and critical infrastructure globally. We anticipate supporting the company’s next growth phase through ongoing investment in technology innovation, superior engineering, and top-tier aftermarket service.”
James Mahoney, Partner and Head of CVC’s Aviation, Defence & Space sector activities, added: “We’re excited to collaborate with Jérôme de Chassey and his team. Smiths Detection’s robust market positions, anchored by its global leadership in aviation, provide a strong platform for long-term value creation.”
The deal is subject to standard regulatory approvals and is anticipated to close in the second half of 2026. Barclays served as financial advisor to CVC, with Latham & Watkins as legal counsel. The investment will be conducted through CVC Capital Partners IX.
