Smiths Group and General Electric Not to Proceed with Joint Venture

In March this year, Smiths Group plc and General Electric conditionally agreed to form a joint venture to be named Smiths GE Detection. The two have now announced that, after careful consideration, they have decided not to proceed to form the joint venture as they now believe the interests of both businesses are best served by their remaining independent.

Smiths Detection and GE Homeland Protection offer complementary products in the airports sector that are critical to the customers and markets they serve.

The parties' existing joint cooperation agreement is unaffected by today's announcement.

See other recent news regarding: Travel News Asia, Hotels, Security, Smiths Detection, GE