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General

Gemalto buys 3M's Identity Management ops for USD 850 mln

Friday 9 December 2016 | 09:11 CET | News
Gemalto has agreed to acquire 3M's Identity Management Business for USD 850 million, financed with cash and existing credit facilities. 3M's Identity Management Business is made up of 3M Cogent and 3M's Documents Reader and Secure Materials operations. 3M Cogent provides a full spectrum of biometric systems with a focus on civil identification, border control and law enforcement. Gemalto said the buy will add biometric technology to its portfolio and position the company to provide systems for the commercial biometrics market. The deal is expected to close in the first half. Gemalto expects

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Categories: General
Companies: 3M / Gemalto
Countries: United States / World
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