Safran announces sale of Morpho Detection LLC.
After receiving all required regulatory authorizations, Safran announced today that it has finalized the sale of its American subsidiary Morpho Detection, along with its other detection businesses. The acquirer is Smiths Group plc of Britain.
Based in California, Morpho Detection offers solutions for detecting and identifying explosives, biological, chemical, radiological and nuclear threats as well as other illicit items to improve security at airports, borders, and sensitive sites and events.
This sale reflects Safran's decision to focus on its core markets of aerospace and defense.
You can read the official press release by clicking here.