Smiths Group PLC
08 November 2005
News Release
London, 8 November 2005
For immediate release
Smiths Group's acquisition extends Detection technology range
Smiths Group today announced that it has extended the range of technologies in
its Detection division by acquiring LiveWave Inc., a privately owned U.S.
company based in Rhode Island, Connecticut, LiveWave has developed software
systems which network large numbers of sensors and video cameras with connectors
to remote viewing and recording stations. The addition of LiveWave's
technologies further enhances Smiths Detection's strategy of providing a wide
range of detection sensors and integrating them with control systems that can be
managed as a total security solution. The total cost of the acquisition is $17.6
million, which has been satisfied in cash.
Keith Butler-Wheelhouse, chief executive of Smiths Group, said: 'The acquisition
will enable Smiths Detection to offer a complete package of sensors, ranging
from X-ray to chemical detectors and CCTV in a single system, linked to a
central command and control capability.'
LiveWave also specialises in digitally enabling CCTV systems for facility
networks, increasingly a core technology for security applications. Smiths
Detection is now positioned to address sectors such as perimeter security and
mass transit with integrated networks that include chemical detectors and video
systems. Building on complementary product ranges, the acquisition is expected
to generate considerable new sales growth for Smiths in these markets.
LiveWave has a broad customer base, including the U.S. Department of Homeland
Security, the Federal Protection Service, and Department of Transportation. For
the Washington D.C. Mass Transit Authority it is the incumbent digital security
vendor for 'PROTECT', a system combining video and chemical agent sensors that
provides early warning systems, facility management and incident protocols on
the D.C. Metro Subway System.
- Ends -
Contacts
Media Chris Fox +44 (0)20 8457 8403
Investor Relations Russell Plumley +44 (0)20 8457 8203
Smiths Group designs and manufactures safety-critical systems and products, and
has market leading positions in aerospace, detection systems, medical devices,
mechanical seals and interconnect products. For further information visit
www.smiths-group.com
Smiths Detection is one of four operating divisions of Smiths Group plc. Smiths
Detection offers technologically advanced security solutions to detect and
identify explosives, chemical & biological agents, weapons and contraband.
Employing trace detection technology together with Smiths Heimann X-ray imaging,
Smiths Detection provides screening solutions for customers in civil and
military markets worldwide. For more information visit: www.smithsdetection.com
This information is provided by RNS
The company news service from the London Stock Exchange GKZM
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