Transportation Industry
Smiths and GE form JV.(Product & Service Announcements)
Airports International, March, 2007
On January 25, 2007, Smiths Group plc (Smiths) and the General Electric Company (GE) announced that they had signed a letter of intent to form a joint venture (JV) named Smiths GE Detection. Smiths will own 64% and GE will own 36% of the JV.
The JV will combine Smiths Detection with GE Homeland Protection to create a business serving the fast-growing detection and homeland protection markets. Smiths GE Detection will offer a broad range of technologies to deliver integrated solutions to meet the rapidly evolving requirements of governments and other customers. A company statement issued on behalf of the two companies said that: "By combining each parent's technological capabilities and the research and innovation resources available at GE's Global Research...
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