Consistent with the clearance from the European Commission, the DOJ approval is conditional on the post-completion divestment of Morpho Detection’s explosive trace detection business. The announcement came last April that Safran had reached an agreement to sell Morpho Detection, to Smiths Group plc for an enterprise value of $710 million. Smiths subsequently confirmed that the European Commission finally gave clearance for the proposed acquisition in January 2017, at which point the company still needed approval from the relevant authorities in the United States and certain other territories, among other conditions.
the United States-based engineering company Smiths Group has completed its $710m acquisition of French firm Morpho Detection, part of the Safran Group, following clearance from the US Department of Justice. The regulator's approval is conditional on the divestment of Morpho Detection’s explosive trace detection business after completion.