UK-based Smiths Group announced today that it is acquiring the business and assets of SensIR Technologies LLC, a manufacturer of infrared-based analysers, for of $75 million.
Smiths Group said in a statement that the newly acquired business will add 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.”
Connecticut-based 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.
The acquisition of SensIR, which in the 12 months to March 2004 had a turnover of $37 million, is expected to close during May, subject to regulatory approvals.