Tel Aviv-based Attenti announced today its acquisition by 3M, most notably the makers of Post-Its, to the tune of $230 million in cash. Formerly Dmatek, Attenti is the world’s leading supplier of remote people-tracking technologies such as ankle bracelets, voice recognition devices and alcohol monitoring technologies.
The purchase, which will benefit 3M by providing the company with GPS and radio frequency technology, is the second in a line of security-related acquisitions this week; 3M bought fingerprint ID company Cogent Inc yesterday for $943 million.
Yoav Reisman, Attenti CEO on the sale:
“3M’s culture of innovation fits well with our own and its R&D capabilities and global reach will help accelerate the growth of our business.”
Francisco Partners and the Israeli branch of Sequoia Capital jointly invested in Attenti in December of 2008, the sale represents a hefty exit for both.
Attenti, formerly Dmatek, is a leading global provider of remote people monitoring technologies. With an experienced staff possessing extensive knowledge and field experience, we have a record of developing innovative technology marked by high quality and performance. Our business partners are private and public organizations, monitoring service providers, security and telecommunications companies, as well as government agencies in over 25 countries around the world. Attenti is owned by an investor group led by Francisco Partners.
3M Company operates as a diversified technology company. The company operates in the industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics; and electro and communications businesses. Industrial and Transportation Business The Industrial and Transportation business serves a range of markets, such as appliance, paper and packaging, food and beverage, electronics, automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail). Industrial and Transportation products include tapes, various coated...