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OSI Systems To Acquire Security Detection Competitor American Science & Engineering

By Cal Biesecker

Tuesday, June 21st, 2016

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OSI Systems To Acquire Security Detection Competitor American Science & Engineering

OSI Systems' Z Backscatter Van. Photo: OSI

OSI Systems [OSIS] on Tuesday said it has agreed to acquire its competitor in the security detection market, American Science and Engineering [ASEI], for $269 million in cash, a deal that will expand its product and service portfolio and boost earnings.The acquisition, which is expected to close by the end of 2016, has been approved by both companies’ boards of directors and is subject to approval by AS&E’s shareholders and government regulators.“The acquisition of AS&E will be the most significant…

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