Smiths Completes Acquisition of US Hazardous Material Detection Specialist for $75m
14 June 2004
Smiths Group today announced the completion of the acquisition of SensIR Technologies LLC, a leading manufacturer of infrared-based analysers, for a total of $75 million (£41m). This follows approval from the US regulatory body.
"This 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.
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. For further information, visit www.smiths-group.com
