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Mergers and Acquisitions

  • 12/11/17 7:50 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has entered into agreements related to the sale of substantially all of its Communication Markets Division to Corning Incorporated, for $900 million, subject to closing and other adjustments. This business consists of optical fiber and copper passive connectivity solutions for the telecommunications industry including 3M’s xDSL, FTTx, and structured cabling solutions and, in certain countries,more...
  • 10/4/17 3:30 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has completed its acquisition of 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. 3M’s Personal Safety Division provides respiratory, hearing, andmore...
  • 10/3/17 6:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed the sale of its electronic monitoring business to funds advised by Apax Partners, a global private equity advisory firm, for approximately $200 million, net of cash sold and closing adjustments. The electronic monitoring business is a provider of electronic monitoring technologies, serving hundreds of correctional and law enforcement agencies around the world. Annual sales of the business aremore...
  • 6/30/17 10:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has completed the sale of its tolling and automated license/number plate recognition business 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 equity firm. The tolling and automated license/number platemore...
  • 6/1/17 7:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to sell its electronic monitoring business to an affiliate of Apax Partners, a leading global private equity advisory firm, for $200 million, subject to closing and other adjustments. 3M’s business, with annual sales of approximately $95 million, is a provider of electronic monitoring technologies, serving hundreds of correctional and law enforcement agencies around the worldmore...
  • 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...