LONDON: British engineering company Smiths Group Plc (SMIN.L) said on Wednesday it has agreed to sell its Smiths Detection business to funds advised by private equity firm CVC Capital Partners for an enterprise value of 2.0 billion pounds ($2.55 billion). The proposed deal marks the second major divestment by Smiths as it executes a…
BINDING AGREEMENT SIGNED RE SMITHS INTERCONNECT LONDON: Smiths Group plc has entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings, LLC . The transaction values Smiths Interconnect at an enterprise value of £1.3bn, representing 15.1x headline EBITDA of £86.1m for the fiscal year 2025. Smiths will receive cash consideration for the…