Smiths Group Buys Safran's Morpho Detection for $710 Million
April 21 2016 - 2:49AM
Dow Jones News
By Rory Gallivan
LONDON--Smiths Group PLC (SMIN.LN) Thursday said it will buy
California-based detection and security business Morpho Detection
from French aviation and defense company SAFRAN SA (SAF.FR) for
$710 million.
The U.K. technolony company said Morpho Detection will be merged
with it detection division, which makes scanners for airports and
other security products.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
April 21, 2016 02:34 ET (06:34 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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