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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:
Airlines,
Aviation,
Hotels,
Security,
Smiths
Detection, GE
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