Smiths Group Expands Security Presence

Thursday, April 15, 2004
Buys US hazardous material detection specialist for $75M Smiths Group is acquiring the business and assets of SensIR Technologies LLC, a manufacturer of infrared-based analysers, for a total of $75 million (£41m).

The newly acquired business will add significantly to the range of technologies and equipment of Smiths Detection, one of the company's four operating divisions.

"The second acquisition for Smiths Detection this year is a further step in building a technology-led business to serve the diverse detection market," commented Keith Butler-Wheelhouse, chief executive of Smiths Group. "SensIR brings new technology to us, strengthening our ability to support those in the front line who make the world a safer place."

SensIR supplies analysers for the identification of potentially hazardous substances in solid and liquid form. Its products are principally used by military forces and the emergency services, notably first responders, hazmat (hazardous material) teams and fire services worldwide.

In the 12 months to March 2004, the turnover of the SensIR business being acquired was $37 million. Smiths Group is satisfying the acquisition in cash and it is expected to close during May, subject to regulatory approvals.

Smiths Group designs and manufactures safety critical systems and products, and has market leading positions in aerospace systems, detection systems, medical devices, mechanical seals, and interconnect products.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Security

USCG to Assist Jamaica with MRO

Jamaica’s readiness for Mass Rescue Operations (MRO) in its maritime space will be boosted July 22-24, 2014 with the assistance of a subject matter expert from the U.

Nigerian Piracy Threatens UK Interests: New Report

The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published today by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.

SIA to Honor Honeywell's Gordon Hope

The Security Industry Association (SIA) says it has chosen Gordon Hope, general manager of Honeywell's AlarmNet communications network, as the 2014 recipient of the George R.

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0921 sec (11 req/sec)