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Smiths Group Would Round Out Product Line with Morpho Detection Acquisition

By Cal Biesecker

Tuesday, May 3rd, 2016

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Britain’s Smiths Group has agreed to acquire the California-based detection business of France’s Safran Group for $710 million, a deal which would give it a marquis position globally for automated checked baggage screening systems and consolidate a large portion of the international market for trace detection products.The deal is subject to regulatory approvals and the companies expect it to close in early 2017.The only potential regulatory hurdle would seem to be in the area of trace detection where both Smith…

Budget

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