6
As of 12/31/2016
6
Year in Review
2016
Aviation Checkpoint Security Solutions
Buyer
Target
M&A Activity Summary
Source: Public Filings, Industry Newswires, S&P Capital IQ
Explosives Trace Detection (ETD) assets
Over the course of the last year, there have been several high profile
transactions in the airport security checkpoint arena. These
transactions have been fueled by demand from regulatory agencies,
airports, and the airlines to provide a better overall passenger
experience by increasing throughput, accuracy, and efficiency at
airports around the world.
Airports around the world strained from the past decade’s extensive
growth in passenger traffic (PAX). Near-record 740 million passengers
were expected to have flown in 2016, 97 million more (a 13%
increase) than flew three years ago. Hartsfield–Jackson Atlanta
International Airport saw a 5.5% increase in PAX and a record breaking
100 million passengers in 2015.
In the spring of 2016, the TSA witnessed a public relations nightmare,
as multiple media articles recounted the long lines and general
mismanagement at security checkpoints. As a result, a congressional
hearing was held to explore the causes and possible solutions to
relieve overburdened checkpoints throughout the country.
There are several technologies under review in the marketplace,
including Automated Tray Return Systems, Remote Screening,
Computed Tomography (CT) scanners, and next generation metal
detectors, which have proven effective in limited applications. As
these technologies become more commonplace, significant demand in
the marketplace is anticipated as firms consolidate and as companies
try to provide a more comprehensive checkpoint solution.
X-ray Inspection & Other Detection Products
Self-service Bag Drop Appliances
Parent Company of Rapiscan Systems, Inc.
Notable Security Trends
Notable Acquisitions and Consolidations