Skip to main content

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:

Tom Steiner

Tom Steiner

Head of External Communications

+44 (0) 20 7004 1600

Email Arrow right icon

Please note – the press team can only answer enquiries from accredited members of the press.

Related articles

Roland At MTC Signing

Smiths Group becomes member of the Manufacturing Technology Centre

Read our latest company news as Smiths Group becomes a member of the Manufacturing Technology Centre

Find out more Call to action arrow icon
Blue Box V2

John Crane launches next-generation Coaxial Seal

Find out more Call to action arrow icon
Smiths Group Foundation Logo On Orange Background

Smiths Group Foundation launches second round of charitable donations

Read our latest company news as the Smiths Group Foundation launches a second round of charitable donations

Find out more Call to action arrow icon
Sign up for updates Call to action arrow icon