3M Sells Electronic Monitoring Division for $200 MillionJune 2, 2017
3M has divested its electronic monitoring business to private equity firm Apax Partners LLP for US$200 million.
Per the terms of the deal, more than 260 employees of 3M’s monitoring division will transfer to Apax Partners. The transaction is expected to close in the third quarter of 2017, subject to customary regulatory and closing conditions.
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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.