**[investwise]** 3M Enlarges Footprint-Acquires Cogent & Attenti for $ 1.2 bn

 

Manufacturing conglomerate 3M says it has agreed to pay $230 million in cash for an Israeli company that makes technology used to keep track of people. The company, Attenti Holdings SA, makes systems that can be used, for example, to track the movements of people awaiting trial or are on probation and those of patients in senior care centers. 3M  Co., the maker of Post-Its and Scotch Tape, already makes products that can be used in file tracking, library management, supply chain management. The deal announced last week comes a day after Maplewood, Minn.'s 3M said it will pay $943 million for Cogent Inc., which develops systems that read finger and palm prints and makes iris and face recognition systems. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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