Supplying security systems to help detect threats against airports, nuclear power plants and military and goverment buildings is big business these days, and UK group Smiths has expanded its reach with a $710m (£493m) deal to buy California-based Morpho Detection. The acquisition, from French engineering group Safran, is Smiths’ first deal for a number of years and comes as a new management team gets to grips with the business. Analysts believe Smiths sell off unwanted operations to reduce borrowings after the cash and debt funded deal.
Guardian 21st April 2016 read more »