Morgan Stanley Investment Management announced that funds managed by Morgan Stanley Expansion Capital have made a growth investment in Viken Detection. The investment will support Viken’s continued growth and innovation.
Viken Detection is a provider of advanced X-ray imaging and sensing technologies. The company develops handheld X-ray imagers, vehicle scanning systems, and material analysis solutions for security and public safety applications.
Headquartered in Burlington, Massachusetts, Viken serves border security, law enforcement, military, corrections, and public safety organizations worldwide. Its technologies are designed to improve threat detection, increase operational efficiency, and enhance officer safety.
Viken’s portfolio includes the Raven handheld scanner, Osprey vehicle inspection system, and Harrier multi-view vehicle scanner. The company’s solutions support non-intrusive inspection across a range of security environments.
The growth investment is intended to accelerate product innovation and expand deployment of Viken’s detection technologies. Morgan Stanley Expansion Capital said the investment will help the company meet growing global demand for non-intrusive inspection solutions.
Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. The platform targets late-stage growth equity and credit investments across technology, healthcare, consumer, and other high-growth sectors.
KEY QUOTES:
“We believe Viken has developed a highly differentiated platform with advanced X-ray imaging and sensing technologies that support mission-critical applications. 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.”
Nick Nocito, Managing Director of Morgan Stanley Expansion Capital
“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.”
Jim Ryan, President and CEO of Viken Detection
