OSI Systems Inc. to Buy American Science & Engineering for $269M

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Hawthorne-based OSI Systems Inc. announced Tuesday its decision to acquire American Science & Engineering Inc. (AS&E) for $37 per share, constituting a $269 million cash deal.

AS&E services clients in the military, law enforcement and shipping sectors, providing x-ray inspection systems used to scan cargo, packages and people.

“The acquisition of AS&E will be the most significant security acquisition in our Company’s history and we believe represents an excellent strategic fit consistent with our expansion strategy,” OSI Chief Executive Deepak Chopra said.

OSI, a security screening technology provider for homeland security, healthcare, defense and aerospace industries said it expected the companies to save $18 million before taxes as a result of the acquisition.

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