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Business/Financial

Smiths Group Completes Acquisition Of Morpho Detection

By Cal Biesecker

Monday, April 17th, 2017

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Smiths Group Completes Acquisition Of Morpho Detection

Smiths Detection CTX 9800 DSi explosives detection system. Photo: Smiths Detection

Britain’s Smiths Group earlier this month said it has completed its acquisition of Morpho Detection from France’s Safran Group.Smiths Group must still divest Morpho’s explosive trace detection business, which both European and U.S. required as a condition for approving the $710 million deal that was first announced in April 2016.Smiths Group’s Smiths Detection business already has an ETD product line. The three main competitors worldwide for ETD units are Smiths, Morpho and L3 Technologies [LLL]. China’s NucTec also sells the…

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