The European Commission (EC) has approved UK security firm Smith Group’s plan to acquire Safran subsidiary Morpho Detection, subject to Morpho selling its explosive trace detection business. The acquisition is significant because it combines two of the main global providers of threat detection equipment. Smiths notified the Commission of the planned acquisition on Nov. 23, 2016, and was given the green light Jan. 19. However, in its ruling, the EC raised concerns that Morpho and ...

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