Security technology firm attracting bids
22/07/2008
Detica, a security technology firm, has seen its shares rise after receiving an informal bid approach from BAE Systems.The technology company has been valued at about £450m. It is understood that Italy's Finmeccanica and US groups Lockheed Martin and Northrop Grumman may also be interested in making a bid. Bidders are also likely to be defence contractors, such as BAE Systems, or IT services companies.The company generates around two-thirds of its revenues from national security, with the rest coming from telecoms and financial services.
