Skip to Primary Navigation Skip to Site Navigation Skip to Main Content

Search Press Releases

Press Releases

 

Mergers and Acquisitions

  • 5/10/17 9:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into agreements to sell its tolling and automated license/number plate recognition business, which is part of 3M’s Traffic Safety and Security Division, to Neology, Inc., a leading provider of integrated solutions for tolling, electronic vehicle registration and public safety applications. Neology is a subsidiary of SMARTRAC, a portfolio company managed by One Equity Partners, a middle-market private equitymore...
  • 5/1/17 3:01 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has completed the sale of its identity management business to Gemalto, a world leader in digital security1. 3M’s identity management business provides biometric hardware and software that enable identity verification and authentication, as well as secure materials and document readers. The business includes 3M Cogent, Inc., a wholly owned subsidiary of 3M, which provides a full spectrum of biometric solutionsmore...
  • 3/16/17 7:19 am CDT

    Acquisition Expands 3M’s Presence in Personal Safety Industry

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced that it has entered into a definitive agreement to acquire Scott Safety from Johnson Controls for a total enterprise value of $2.0 billion. Scott Safety is a premier manufacturer of innovative products, including self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and other safety devices that complement 3M’s personal safety portfolio.“Personal safety is a core growth business within the 3M portfolio,” said Inge G. Thulin, 3Mmore...
  • 1/3/17 1:00 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed the sale of its safety prescription eyewear business to HOYA Vision Care, a global leader in the eyeglass lens industry. The safety prescription eyewear business provides a comprehensive line of frames, prescription lenses, and premium coating options in a custom-made solution. The business has annual global sales of approximately $45 million. The safety prescription eyewearmore...
  • 12/8/16 6:27 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, the world leader in digital security, for $850 million, subject to closing and other adjustments. 3M’s identity management business is a leader in identity management solutions providing biometric hardware and software that enable identity verification and authentication, as well asmore...
  • 12/6/16 1:00 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to sell its safety prescription eyewear business to HOYA Vision Care, a global leader in the eyeglass lens industry. The safety prescription eyewear business is part of 3M’s Personal Safety Division, which is in the Safety & Graphics Business. Terms of the transaction were not disclosed. The business, with more than 90 years as an industry leader in safety prescription eyewearmore...
  • 10/3/16 11:04 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed the sale of its temporary protective films business, formerly known as Polymask, to Pregis LLC. 3M’s temporary protective films business provides adhesive-backed temporary protective films used in a broad range of industries, including automotive, appliance, metalworking, building and construction. The business was part of 3M’s Industrial Adhesives and Tapes Division, which will continuemore...
  • 9/8/16 7:25 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to sell the assets of its temporary protective films business to Pregis LLC. 3M’s temporary protective films business is a provider of adhesive-backed temporary protective films used in a broad range of industries, including automotive, appliance, metalworking, building and construction. The business has annual global sales of approximately $50 million. “Aftermore...
  • 9/6/16 11:21 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has acquired Semfinder, a Switzerland-based medical coding technology company. Semfinder is a leading developer of precise semantic coding of medical services. The acquisition of Semfinder provides important new coding technology that will enable 3M to accelerate the availability of its 3M 360 Encompass System in countries adopting electronic medical records. “This acquisition builds upon 3M’smore...
  • 2/2/16 3:30 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that, following an in-depth exploration of strategic alternatives for its Health Information Systems business, the Company has made the decision to retain and further invest in this business. This decision follows the Company’s announcement in September 2015 that it would explore strategic alternatives for 3M Health Information Systems, which included spinning-off, selling, or retaining the business. 3M Healthmore...