Smiths Group

Morpho Detection Acquired By Smiths Group For $710M

Smiths Group PLC announces that it has entered into an agreement to acquire Morpho Detection (“Morpho Detection” or the “Business”), a California-based detection and security solutions company, from Safran S.A. for an enterprise value of $710 million (£493 million). The closing of the acquisition is subject to customary conditions, including regulatory approvals. Upon closing, Morpho Detection will be merged with Smiths Group’s Detection division. Smiths Detection is a world leader in products and services that detect a wide range of threats, including explosive, chemical and radioactive materials, and contraband.