3M Completes Acquisition of Attenti Holdings S.A.
Acquisition positions 3M’s track and trace business as a leader in the high growth electronic offender monitoring market and adds global positioning system and active radio frequency technology and capability to its portfolio
ST. PAUL, Minn. & TEL AVIV, Israel - 3M announced today it has completed its acquisition of Attenti Holdings S.A. from an investor group led by Francisco Partners. Attenti is a leading supplier of remote people monitoring technologies used for a variety of offender monitoring applications, such as people awaiting trial or on probation; and to assist eldercare facilities in monitoring and enhancing the safety of patients.
This acquisition positions 3M’s track and trace business as a leader in the high growth electronic offender monitoring market and adds global positioning system and active radio frequency technology and capability to its portfolio.
3M provides comprehensive track and trace solutions that deliver customer value by improving the safety, security and utilization of assets through applications such as file tracking, library management, secure supply chain solutions and locating and marking for buried underground utilities.
About Attenti Holdings S.A.
Attenti Holdings S.A. is the ultimate parent company of Attenti Ltd., a leading global provider of remote people monitoring technologies. Attenti employs approximately 340 people at its major operational locations in Israel and the U.S.
About 3M
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M’s core strength is applying its more than 40 distinct technology platforms – often in combination – to a wide array of customer needs. With $23 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3m.com or follow @3MNews on Twitter.
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