OSI Systems announced that it has completed its previously announced acquisition of the former Morpho explosive trace detection (ETD) business from Smiths Group plc., which acquired the business in April as part of its acquisition of Morpho Detection. The purchase price is $75.5 million is cash and subject to net working capital adjustment. Based in Andover, Massachusetts, ETD has a global installed base of 11,000 units.
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: