Thu, Apr. 21, 8:54 AM
- Safran (OTCPK:SAFRY) has agreed to sell its U.S.-based Morpho Detection unit and related activities to the Smiths Group (OTCPK:SMGZY) for an enterprise value of $710M.
- The business will become part of Smiths' Detection division, which designs and manufactures sensors that identify explosives, weapons, chemical agents and other contraband.
- Now read Safran Is A Great Company But It's Fully Priced
Smiths is a global technology company listed on the London Stock Exchange. A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the threat & contraband detection, energy, medical devices, communications and engineered components... More
Industry: Aerospace/Defense Products & Services
Country: United Kingdom