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BRIEF-Smiths Group says to sell explosive trace detection business for $75.5 mln
June 1, 2017 / 1:10 PM / 6 months ago

BRIEF-Smiths Group says to sell explosive trace detection business for $75.5 mln

June 1 (Reuters) - Smiths Group Plc:

* Has entered into a binding agreement with Osi Systems, Inc to sell explosive trace detection business formerly owned by Morpho Detection

* Sale for an enterprise value of $75.5 million

* Sale is conditional upon regulatory approval in Portugal and approval by EC and DOJ of OSI Systems, Inc as a suitable purchaser Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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