10 July 2017
Smiths Group plc (“Smiths Group”) today announces that it has completed the sale of the explosive trace detection business formerly owned by Morpho Detection (the “Trace Business”) to OSI Systems, Inc. for an enterprise value of $75.5 million, subject to customary working capital adjustments. The proceeds will be reinvested in attractive growth opportunities.
As previously announced, in connection with its acquisition of Morpho Detection from Safran, Smiths Group had made commitments to the European Commission and the Department of Justice to sell the Trace Business.
Related articles
![Interconnect Connector](/media/3hnni12p/interconnect-connector.jpg?width=431&height=214&format=webp&quality=100&v=1dad7688743f780)
Smiths Interconnect launches new technology to improve connectivity in mission critical applications
Read our latest company news as Smiths Interconnect launches new connector technology
Find out more![Ariane 6](/media/obfincds/ariane-6.jpg?width=431&height=214&format=webp&quality=100&v=1dad295a87941d0)
Smiths Group supports launch of Ariane 6 space rocket
Read our latest company news as Smiths Group supports the launch of the Ariane 6 space rocket
Find out more![Smiths Detection HI SCAN 6040 Ctix](/media/pksfrrfr/smiths-detection-hi-scan_6040_ctix.jpg?width=431&height=214&format=webp&quality=100&v=1dacdfb885247b0)
Smiths Detection Selected by Zurich Airport to Trial Advances CT X-Ray Scanners
Read our latest company news as Smiths Detection is selected by by Zurich Airport to Trial Advances CT X-Ray Scanners.
Find out more