NEW YORK–(BUSINESS WIRE)–Morgan Stanley Investment Management announced today that funds managed by Morgan Stanley Expansion Capital have made an investment in Viken Detection (Viken or the Company), a leading provider of advanced X-ray imaging and sensing technologies, to support continued growth and innovation.
Headquartered in Burlington, Massachusetts, Viken develops innovative handheld X-ray imagers, vehicle scanning systems and material analysis solutions for border security, law enforcement, military, corrections and public safety organizations worldwide to improve threat detection, increase operational efficiency and enhance officer safety in a wide range of security environments. The Company’s portfolio includes its next-generation Raven® handheld scanner, Osprey® vehicle inspection system and Harrier® multi-view vehicle scanner.
The growth investment aims to support Viken’s continued growth by accelerating product innovation, expanding deployment of its advanced detection technologies and helping the Company address growing global demand for non-intrusive inspection solutions.
“We believe Viken has developed a highly differentiated platform with advanced X-ray imaging and sensing technologies that support mission-critical applications,” said Nick Nocito, Managing Director of Morgan Stanley Expansion Capital. “We are excited to partner with the team as they continue to innovate across their product portfolio and expand deployment of their solutions to meet growing global demand for non-intrusive inspection technologies.”
“From national security to substance abuse epidemics to environmental health hazards, Viken’s technology shows up where it matters most. With the support of Morgan Stanley Expansion Capital, we’re ready to do more of it, faster,” said Jim Ryan, President & CEO of Viken.
