Smiths Interconnect to be sold to Molex for £1.3bn
The deal values the business at 15.1x EBITDA and is expected to close in H2 2026.
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High-reliability connectivity products and solutions provider
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In short: Smiths Interconnect was sold to Molex for £1.3 billion and secured major AI chip contracts while expanding its global production footprint.
The deal values the business at 15.1x EBITDA and is expected to close in H2 2026.
The contract is with a major AI semiconductor provider for their next-generation chips. The DaVinci Gen V sockets will be used in manufacturing test.
She succeeds Julian Fagge, who becomes CFO of Smiths Group. Vera brings experience from Smiths Group, Rio Tinto, and Schlumberger.
The process reduces production time, waste, and cost while enabling local manufacturing in Scotland.
Recognition highlights outstanding growth, performance and partnership across the AmericasCOMMERCE, Calif., July 22, 2026 (GLOBE NEWSWIRE) -- FDH Aero, a leading global provider of supply...
Funding from the UK's Space Agency is helping the production capabilities of the Smiths' Dundee, Scotland facility for production of passive RF and optical components.
Smiths Group said on Thursday it will sell its interconnect unit to U.S. electronic components maker Molex Electronic in a deal valued at 1.3 billion...
Smiths Interconnect, a leading provider of innovative solutions for critical semiconductor test applications, and a business of Smiths Group, is pleased to announce that its...
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