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Announced

Completed

Smiths Detection completed the acquisition of PathSensors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

pathogen detection

Biotechnology

Friendly

biosciences

Private

Completed

Cross Border

Majority

Single Bidder

Acquisition

Venture Capital

Private Equity

Synopsis

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Smiths Detection, a detection and screening technology company, completed the acquisition of PathSensors, a bio-technology solutions and environmental-testing company. Financial terms were not disclosed. "We are pleased to be able to complete this acquisition, which we view as a significant strategic step in accelerating how we are able to respond to biological threats, which are becoming increasingly relevant in the current environment. PathSensors has developed such a capability – with its multiple threat assays already available, it is able to identify biological threats in minutes and will provide a suitable biological capability to our customers," Roland Carter, Smiths Detection President.

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