Smiths Group PLC (SMIN.L), a British engineering company, said on Friday that it has inked a deal to sell Smiths Interconnect to Molex Electronic Technologies Holdings, LLC for £1.3 billion in cash.
The transaction is expected to be closed in the second half of fiscal 2026. Post transaction, Smiths Group aims to focus more on the industrial engineering company.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.