M&A Deal Summary

OSI Systems Acquires Morpho Detection

On July 10, 2017, OSI Systems acquired safety/security company Morpho Detection from Smiths Group for 76M USD

Acquisition Highlights
  • This is OSI Systems’ 2nd transaction in the Safety/Security sector.
  • This is OSI Systems’ 2nd largest (disclosed) transaction.
  • This is OSI Systems’ 7th transaction in the United States.
  • This is OSI Systems’ 4th transaction in California.

M&A Deal Summary
Date 2017-07-10
Target Morpho Detection
Sector Safety/Security
Buyer(s) OSI Systems
Sellers(s) Smiths Group
Deal Type Divestiture
Deal Value 76M USD

Target

Morpho Detection

Newark, California, United States
Morpho Detection, Inc. is a manufacturer and supplier of detection systems and services to improve mission-critical security at airports, borders and other high-risk critical infrastructure sites such as nuclear power plants, military installations and government buildings. It also provides extensive services to maintain and upgrade its broad installed base of equipment and related products.

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Buyer(S) 1

Buyer

OSI Systems

Hawthorne, California, United States
Category Company
Founded 1987
Sector Electronics
Employees6,423
Revenue 1.3B USD (2023)
DESCRIPTION
OSI Systems' headquarters in Hawthorne, California.
OSI Systems' headquarters in Hawthorne, California.

OSI Systems is an integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. OSI Systems was founded in 1987 and is based in Hawthorne, California.

DEAL STATS #
Overall 9 of 9
Sector (Safety/Security) 2 of 2
Type (Divestiture) 2 of 2
State (California) 4 of 4
Country (United States) 7 of 7
Year (2017) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 American Science & Engineering

Billerica, Massachusetts, United States

American Science & Engineering, Inc. is a provider of threat and contraband detection solutions for ports, borders, military, critical infrastructure, law enforcement, and aviation.

Buy $187M

Seller(S) 1

SELLER

Smiths Group

London, United Kingdom
Category Company
Founded 1851
Sector Diversified
Employees15,156
Revenue 3.0B GBP (2023)
DESCRIPTION

Smiths Group is a provider of practical applications of advanced technologies. Smiths Group was founded in 1851 and is based in London, England.

DEAL STATS #
Overall 6 of 7
Sector (Safety/Security) 1 of 1
Type (Divestiture) 6 of 7
State (California) 1 of 1
Country (United States) 2 of 3
Year (2017) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Power Distribution

Richmond, Virginia, United States

Power Distribution, Inc. is a designer and manufacturer of power distribution equipment for the North America data center market. Power Distribution produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers and patented power monitors used mainly in data centre and alternative energy applications. Power Distribution was established in 1978 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 United Flexible

Romeoville, Illinois, United States

United Flexible, Inc. engages in the design, development, manufacture, and support of high performance and mission-critical engineered solutions for the transfer of fluids and gases in extreme environments. The Company provides a broad portfolio of product lines including fixed and flexible tubes and precision bellows, which are made to exacting requirements and sold to leading OEMs in attractive end-markets such as aerospace/defense engines and systems, industrial, and power generation.

Buy $345M
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