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Smiths Group plc ("Smiths") and General Electric Company ("GE") announce that they have signed a letter of intent (the "Letter of Intent") to form Smiths GE Detection (the "JV"). 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 leading global business serving the fast-growing detection and homeland protection markets.Smiths GE Detection will offer a broad range of technolog...
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