Smiths completes landmark £760m pension scheme buy-in
The bulk annuity transaction secures benefits for over 10,000 members, fully insuring all scheme members across five policies.
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smiths.comLast updated
In short: Smiths Group completed a strategic transformation, divesting its Detection and Interconnect units while returning capital to shareholders.
The bulk annuity transaction secures benefits for over 10,000 members, fully insuring all scheme members across five policies.
The transaction was completed at £2bn enterprise value, delivering net cash proceeds of over £1.9bn.
The company held a market opening ceremony at the London Stock Exchange with colleagues and partners.
She will serve effective from 1 September 2026, bringing extensive international industrial and energy sector experience.
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