Monday, September 12, 2016

OSI Systems Buys American Science and Engineering For $269M

Hawthorne-based OSI Systems, the developer of X-ray and other screening equipment for the homeland security, defense, aerospace, and healthcare industries, has acquired American Science and Engineering, Inc., in a deal worth $269M. OSI Systems said it paid $37.00 per share in cash and assumed unvested equity for American Science and Engineering. OSI said it gains additional, X-ray backscatter based inspection systems through the acquisition, which had been announced earlier. OSI Systems is led by Deepak Chopra.