November 14, 1996 |
InVision Technologies Inc. said it will team up with EG&G Inc.'s Astrophysics Research Corp. unit to integrate their two bomb-detection systems. Wellesley, Mass.-based EG&G will invest $2 million in InVision in return for 91,885 InVision common shares, and the two companies will enter into a joint sales and marketing agreement. Foster City, Calif.-based InVision makes a device called a CTX 5000 that uses computer tomography to peer inside luggage. EG&G makes an X-ray system called Z-Scan.
March 18, 2004 |
The Securities and Exchange Commission is investigating alleged insider trading in InVision Technologies Inc.'s call options in the days before General Electric Co. agreed to buy the company for $900 million. The U.S. District Court for the Southern District of New York issued a temporary restraining order at the SEC's request Tuesday, freezing $2 million of assets of "unknown purchasers" of call options on InVision shares, the SEC said.
November 2, 2004 |
General Electric Co. agreed Monday to delay until Dec. 27 its purchase of InVision Technologies Inc. while federal agencies look into InVision's disclosure of possible improper payments. GE agreed in March to buy InVision, the biggest supplier of bomb-detection machines for U.S. airports, for $900 million to expand its security product line. The agreement expired Sunday. InVision, based in Newark, Calif.
December 7, 2004 |
InVision Technologies Inc., the top U.S. supplier of airport bomb-detection machines, said it reached agreement with the U.S. Department of Justice in a criminal probe, allowing General Electric Co. to complete its $900-million purchase of the company Monday.
July 31, 2004 |
Bomb-detection equipment maker InVision Technologies Inc. disclosed Friday that it may face two federal investigations, threatening its pending $900-million acquisition by General Electric Co. InVision, based in Newark, Calif., said the Department of Justice and the Securities and Exchange Commission may launch investigations after the company's own inquiry turned up possible improper payments by distributors in connection with sales outside the U.S.
March 16, 2004 |
Less than a week after coordinated bombings in Spain heightened fears of terrorist attacks, the world's biggest maker of bomb-detection machines for airports agreed Monday to be purchased by General Electric Co. for $900 million in cash. InVision Technologies Inc., based in Newark, Calif., would become a cornerstone of GE's 2-year-old security business, which builds video surveillance systems and devices to detect explosive materials, company executives said.