Smiths Detection has purchased its Brazilian
distributor from EBCO Systems Limited to take direct control over
sales of its advanced security and detection products in one of
the world’s fastest-growing economies.
EBCO, based in Sao Paulo,
has been the exclusive distributor for Smiths Detection in Brazil
since 1994, selling and servicing a wide range of X-ray and trace
detection systems to customs authorities, airports, and prisons.
The new company, called Smiths Detection Brazil, will
comprise the sales and service organisation of EBCO’s security and
detection side and will employ about 55 people. The purchased
company’s gross assets totalled $2m. EBCO’s separate airfield
lighting business is unaffected.
Cherif Rizkalla, Chief
Commercial Officer of Smiths Detection, said, “EBCO has been an
outstanding partner for us in Brazil over the years and its full
integration into Smiths Detection’s global business will
strengthen our position as the country’s leading supplier of detection solutions.”
Philip Bowman, Chief Executive of
Smiths Group, said: “Brazil is one of the biggest and
fastest-growing economies in the world. The acquisition gives us
direct control over a well-established sales and service network
to leverage long-term value from the expanding market and allow us
to maximise in-country profits.”
Smiths Detection systems
are deployed throughout the vast country, from airports and ports
in major cities such as Sao Paulo and Rio de Janeiro to remote
border crossings in the Amazon.
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