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Business/Financial

OSI Systems To Acquire Explosive Trace Detection Business From Smiths

By Cal Biesecker

Thursday, June 1st, 2017

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OSI Systems To Acquire Explosive Trace Detection Business From Smiths

Smiths Detection's Ionscan explosive trace detector. Photo: Smiths Group

OSI Systems [OSIS] on Thursday said it has agreed to acquire an explosive trace detection (ETD) business from Britain’s Smiths Group for $75.5 million in cash, a deal that many industry observers believed likely and which fills a gap in the company’s portfolio with a mature technology that is widely deployed.The ETD business that OSI Systems is buying previously was part of the Morpho Detection business acquired Smiths in April from France’s Safran Group. Smiths Group’s Smiths Detection division already…

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