With CVC’s investment in technology and innovation, Smiths Detection is positioned to strengthen its market-leading positions
Smiths Detection, a global leader in threat detection and security screening technologies, today announces the completion of its transition from Smiths Group to CVC Capital Partners (CVC), one of the world’s leading private markets investment firms.
Jerome de Chassey, CEO at Smiths Detection, said: “Our transition to CVC ownership is a milestone that will benefit all our stakeholders, especially our customers who trust our products and service. Now, with CVC’s support, we will have greater focus and the ability to invest further in innovation and technology, and strengthen our market-leading positions to support long-term growth.”
Henrik Ehrnrooth, Senior Industrial Partner at CVC and Chairman at Smiths Detection, commented: “Smiths Detection plays an integral role in global threat detection, which is apparent in its #1 position in aviation security. However there is incredible scope for growth across its other segments, including ports & borders, urban security and the circular economy. Our vision is for Smiths Detection to become the indisputable leader in keeping people and countries secure.”
For further information, please contact:
FTI Consulting
Ariadna Peretz
sc.smithsdetection@fticonsulting.com
+44 (0)20 3727 1000