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.
General media enquiries
Contact our global media and communications team at:
Please note – the press team can only answer enquiries from accredited members of the press.
Related articles
Smiths Group plc – Q3 Trading Update
Find out more
Smiths Detection awarded contract to provide checkpoint screening technology for Dubai International Airport
Read our latest company news as Smiths Detection is awarded a new contract from DAEP to provide checkpoint screening technology for Dubai International Airport
Find out more
![Davinci Gen V Gen Front View[36]](/media/wlocq5n4/davinci-gen-v-gen-front-view-36.jpg?width=431&height=214&format=webp&quality=100&v=1dbb81c2473de50)
Smiths Interconnect launches ‘DaVinci Gen V’ next-generation test socket
Read our latest company news as Smiths Interconnect launches ‘DaVinci Gen V’ next-generation test socket
Find out more
