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OSI Systems to Expand Product Offerings, Enhance Services with AS&E Deal

Cal Biesecker By
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OSI Systems [OSIS] has agreed to acquire its competitor in the security detection market, American Science and Engineering [ASEI], for $269 million in a cash deal that will significantly expand its product and service portfolio and boost earnings.The acquisition, which is expected to close by the end of 2016, has been approved by both companies’ boards of directors and is subject to approval by AS&E’s shareholders and government regulators. “The acquisition of AS&E will be the most significant security acquisition in…

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