Smiths Group today announced that it has extended the range of technologies in its Detection division by acquiring LiveWave Inc. A privately owned U.S. company based in Newport, Rhode Island, LiveWave has developed software systems which network large numbers of sensors and video cameras with connectors to remote viewing and recording stations. The addition of LiveWave's technologies further enhances Smiths Detections strategy of providing a wide range of detection sensors and integrating them with control systems that can be managed as a total security solution. The total cost of the acquisition is $17.6 million, which has been satisfied in cash.
Keith Butler-Wheelhouse, chief executive of Smiths Group, said: The acquisition will enable Smiths Detection to offer a complete package of sensors, ranging from X-ray to chemical detectors and CCTV in a single system, linked to a central command and control capability.
LiveWave also specialises in digitally enabling CCTV systems for facility networks, increasingly a core technology for security applications. Smiths Detection is now positioned to address sectors such as perimeter security and mass transit with integrated networks that include chemical detectors and video systems. Building on complementary product ranges, the acquisition is expected to generate considerable new sales growth for Smiths in these markets.
LiveWave has a broad customer base, including the U.S. Department of Homeland Security, the Department of Defence, and several major transit systems. For the Washington D.C. Mass Transit Authority it is the incumbent digital security vendor for 'PROTECT', the system combining video and chemical agent sensors that provides early warning systems, facility management and incident protocols on the D.C. Metro Subway System.