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
John Crane unveils game-changing mechanical seal, setting new benchmark for ethane pipeline performance
Read our company news as John Crane has launched a new mechanical seal
Find out more
![Davinci Gen V Banner Iamge[39]](/media/whpf0qko/davinci-gen-v-banner-iamge-39.jpg?width=431&height=214&format=webp&quality=100&v=1dbb81c2443a690)
Smiths Interconnect announces significant contract win
Read our company news as Smiths Interconnect announces a significant contract win
Find out more
Smiths Interconnect welcomes new EU-Canada security and defence partnership
Find out more
