3M Captures Attenti For $230 Million
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.