Israel’s Spectronix, developer of sensors and fire and gas detection systems, has been bought by Emerson Electric (part of the $37.8 billion US Emerson Group) for $99 million. After the acquisition, Spectronix will continue to operate its business in Sderot.

http://www.globes.co.il/en/article-emerson-electric-unit-buys-israel-fire-sensor-co-spectronix-1001048787–