Science Applications International Corp. (SAI), a provider of scientific, engineering and technical services, Tuesday announced the completion of its acquisition of Spectrum San Diego, a high-technology security firm specializing in ultra-low-dose X-ray scanning systems, in a move to expand its capabilities for scanning light vehicles. Financial aspects of the deal is not revealed.
The acquisition includes Spectrum's CarScan product line used for security scanning of cars and vans in the normal flow of traffic at vehicle checkpoints such as borders and high security government facilities. According to SAIC, the products are cost-effective and traffic-friendly as well.
Spectrum mainly serves U.S. government, law enforcement and military organizations with its X-ray scanning products that help security personnel to find out hidden weapons, drugs, currency, stowaways, and other contraband.
SAIC noted it will integrate Spectrum's CarScan product into its Security and Transportation Technology Business Unit, which develops Vacis X-ray and gamma-ray inspection systems, Exploranium radiation-detection systems and other products for scanning vehicles and cargo containers.
Spectrum's other product lines including CastScope and SentryScope, residual assets and liabilities were transferred to a new company, Tek84 Engineering Group, LLC, owned by Spectrum's former security holders before the acquisition.
SAI last traded on Monday at $19.11 on the NYSE.
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