3M buying maker of people tracking devices
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 Tuesday 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.