CVC Capital Partners has signed an agreement to acquire Smiths Detection, a global leader in threat-detection and security-screening technologies, from Smiths Group plc, aiming to enhance operational efficiency and foster growth in the critical security sector.

Target Information

CVC, a renowned global private markets investment firm, has announced its decision to acquire Smiths Detection, a leader in advanced threat-detection and security-screening technology. This acquisition comes from Smiths Group plc and is part of CVC's strategy to enhance its investment portfolio in critical sectors. Smiths Detection boasts a robust workforce of 3,400 employees, including over 1,100 field service engineers and 500 research and development professionals, operating across various locations in Europe, the United States, and Asia.

Smiths Detection holds the number one position in aviation security, providing state-of-the-art screening technologies for carry-on baggage, hold luggage, and air cargo. The company serves 47 of the world's top 50 airports and has distinguished itself with both innovative hardware and leading digital solutions, including automated detection algorithms. Besides aviation, Smiths Detection also extends its expertise to urban security and the inspection of ports and borders, highlighting its versatility in addressing critical security needs in defense and commercial sectors.

Industry Overview

The global security industry, particularly relevant in the UK, has witnessed significant growth, driven by increasing concerns regarding safety and terrorism. With the rise in demand for advanced threat detection technologies, there is a growing need for so