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Evening Standard

Holly Williams

Smiths to sell airport scanning business in £2bn deal

Smiths United States Smiths Detection CVC Capital Partners Smiths Group

Smiths Group has agreed a £2 billion deal to sell its arm that makes airport security scanners in the latest move to offload parts of the business amid investor pressure (Alamy/PA) -

Smiths Group has agreed a £2 billion deal to sell its arm that makes airport security scanners in the latest move to offload parts of the business following investor pressure.

The engineering conglomerate said the proposed sale of its Smiths Detection division to private equity firm CVC Capital Partners is expected to complete in the second half of next year.

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