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.
Latest Smiths Interconnect News & Updates
See the latest news and media coverage for Smiths Interconnect. We track all announcements, press releases, and industry mentions in real time, all in one place.
High-reliability connectivity products and solutions provider
smithsinterconnect.com- Headquarters
- London, United Kingdom
- Company type
- Public company
- Number of employees
- 10,000+
Last updated
Latest news about Smiths Interconnect
In short: Smiths Interconnect agreed to a £1.3bn sale to Molex, secured an exclusive AI chip test contract, and appointed Vera Parker as President.
Company announcements
Smiths Interconnect wins exclusive contract for AI chip test sockets
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.
Smiths Interconnect appoints Vera Parker as new President
She succeeds Julian Fagge, who becomes CFO of Smiths Group. Vera brings experience from Smiths Group, Rio Tinto, and Schlumberger.
Smiths Interconnect develops new CAD-to-FAB manufacturing process
The process reduces production time, waste, and cost while enabling local manufacturing in Scotland.
Media coverage
Britain's Smiths Group to sell interconnect unit to Koch's Molex in $1.75 billion deal | Reuters
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 secures significant strategic win with leading high-performance AI semiconductor chip provider
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...
Smiths Interconnect launches durable high-speed data transmission modules
Smiths Interconnect has extended its high density modular and mini-modular connectors ranges with the addition of two new types of data transmission modules. Cat5e and...
Smiths Interconnect wins £2m space grant
Smiths Interconnect has received £1,907,065 in funding from the UK Space Agency through its ‘Space Clusters Infrastructure Fund’ (SCIF). The funding will be used to...
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