OSI Systems, Inc. (NasdaqGS:OSIS) is looking for acquisitions. Alan Edrick, Chief Financial Officer said, "Acquisitions are a big part of our strategy and acquisition is in our DNA. We do acquisitions -- most of the acquisitions we do are accretive out of the gate or very soon thereafter, usually very strategic that will fill a channel need, a technology need, maybe take out a competitor.

We've had some examples of some extraordinary acquisitions that we did. We took out one of our publicly traded competitors called AS&E a few years back, and we can only characterize that as a grand slam. It brought that leading low-energy X-ray technology to us that we blend it with our medium energy and high energy, giving us really the leading Cargo & Solutions company today.

It brought us some incredible talent to the organization, which has really helped us as well. So that's just kind of an example. So sometimes the acquisitions we've done have been larger.

Most of the time, they've been more bolt-on technologies and companies and the like as we look forward. Acquisitions and M&A are a key part of our strategy. We see nice organic growth going for us, but we'd like to turbocharge that with some acquisitions as well, utilizing the strength of the balance sheet, as you mentioned.

So that will clearly be part of our strategy going forward".