3M Finalizes Sale of Electronic Monitoring DivisionOctober 3, 2017
3M has completed the divestment of its electronic monitoring business to private equity firm Apax Partners LLP.
Per the terms of the US$200 million deal, which was announced in June, more than 260 employees of 3M’s monitoring division will transfer to Apax Partners.
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With global sales of US$25 billion, 3M is a leading producer of thousands of products ranging from chemicals, filtration systems, and safety and protection equipment to office, graphics, and health care equipment. For more information, visit www.3m.com.