3M to acquire Israeli firm Attenti for $230 Million

Tuesday, 31 August 2010, 18:39 Hrs
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New York: The U.S.-based 3M today said it will acquire Israeli firm Attenti Holdings SA in a cash deal worth $230 million, making it the technology major's second deal within two days.

Yesterday, 3M had announced the takeover of biometric solutions provider Cogent Inc in a deal valued at $ 943 million.

The company said in a statement today that it has entered into a definitive agreement to acquire Attenti Holdings from an investor group led by Francisco Partners, for a purchase price of $230 million in cash.

The acquisitions of the two security technology related firms would help 3M in enhancing its product offerings.
Source: PTI
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