Britain’s Smiths Group Sells Interconnect Division to Koch’s Molex for $1.75 Billion

Smiths Group has agreed to sell its interconnect unit to Koch Industries’ subsidiary Molex in a deal valued at $1.75 billion.

The transaction is part of a broader effort by the London-based engineering firm to streamline operations and focus on core technology-driven sectors.

Analysts say the sale positions Smiths to strengthen profitability and long-term shareholder returns.