GE has agreed to buy InVision Technologies Inc. for about $900 million to expand its security technology business.

Newark, Calif.-based InVision designs equipment to detect explosives in passenger-checked luggage. GE will pay $50 a share for InVision, about $9 above its closing price of $41.22 on Friday.

The acquisition of InVision will boost GE Infrastructure's ability to provide airport, mass transportation, border and power plant security, the company said. GE is also focused on improving its security offerings for chemical plants, military bases and entertainment facilities such as sports arenas.

By: DocMemory
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