12 Oct 2017

Globes: 3M sells Israeli subsidiary to Apax for $200m

The electronic monitoring business will be renamed Attenti, the name of the Israeli company that was acquired by 3M in 2010 for $230 million.

3M announced that it has completed the sale of its electronic monitoring business to funds advised by Apax Partners for $200 million. The business will be renamed Attenti, the name of the Israeli company, which was acquired by 3M in 2010 for $230 million. 3M’s electronic monitoring business provides electronic monitoring technologies, serving hundreds of correctional and law enforcement agencies to 34 countries. Annual sales of the business are approximately $95 million.Read more here: http://www.globes.co.il/en/article-3m-sells-israeli-subsidiary-to-apax-for-200m-1001207560