Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across 3M's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
7 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
3M acquired Acelity Inc. and its KCI subsidiaries worldwide, a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand, for a total enterprise value of approximately $6.7 billion including assumption of debt. $6.7 billion enterprise value (approx. $4.5 billion net of cash acquired plus assumption of debt).
Acelity is a recognized leading provider of advanced wound care technologies and solutions and an excellent complement to our Health Care business. This acquisition bolsters our Medical Solutions business and supports our growth strategy to offer comprehensive advanced and surgical wound care solutions to improve outcomes and enhance the patient and provider experience.Mike Roman — 3M chief executive officer (announcement)
This is an exciting day as we bring together two premier and innovative companies that are focused on delivering comprehensive health care solutions to enable better outcomes for patients. This addition further accelerates 3M as a leader in advanced wound care, which is a significant and growing market segment.Mike Roman — 3M chairman and CEO (closing)
Acelity is reported within 3M's Health Care business; 3M assumed debt in connection with the acquisition, a portion of which was redeemed or paid at close.
3M acquired Capital Safety, a leading global provider of fall protection equipment, from KKR for a total enterprise value of $2.5 billion including the assumption of approximately $0.7 billion of debt, net of cash acquired. Products include harnesses, lanyards, self-retracting lifelines and engineered systems under the DBI-SALA and PROTECTA brands. $2.5 billion enterprise value (including assumption of approximately $0.7 billion of debt, net of cash acquired).
Acquisition completed August 3, 2015; reported within 3M's personal safety platform.
3M acquired the assets and liabilities associated with Polypore International, Inc.'s Separations Media business for a purchase price of $1.0 billion. The business is a leading provider of microporous membranes and modules for blood treatments, ultrafiltration and gas transfer across life science, electronic, industrial, and specialty segments. $1.0 billion (purchase price).
Completed August 26, 2015; became part of the 3M Membranes business unit within 3M's Industrial Business.
3M (Safety and Graphics Business) agreed to acquire Scott Safety, headquartered in Monroe, North Carolina, from Johnson Controls for $2.0 billion. Scott Safety is a premier manufacturer of innovative products, including self-contained breathing apparatus systems, gas and flame detection instruments, and other safety devices that complement 3M's personal safety portfolio. $2.0 billion (subject to closing and other adjustments).
Completed in October 2017 via cash tender; reported within 3M's personal safety business.
3M acquired all of the ownership interests of the technology business of M*Modal for $0.7 billion of cash, net of cash acquired, and assumption of $0.3 billion of M*Modal's debt. Based in Pittsburgh, Pennsylvania, M*Modal is a leading healthcare technology provider of cloud-based, conversational artificial-intelligence-powered systems that help physicians efficiently capture and improve the patient narrative. $1.0 billion (approximately $0.7 billion cash net of cash acquired plus assumption of approximately $0.3 billion of debt).
Completed in February 2019; reported within 3M's Health Care business. Purchase consideration allocation completed in Q4 2019.
3M acquired Ceradyne, Inc. (NASDAQ: CRDN), headquartered in Costa Mesa, California, for $35.00 per share, an aggregate value of approximately $860 million (about $670 million net of cash, cash equivalents, short-term investments and debt acquired), via a cash tender offer followed by a merger. Ceradyne is a worldwide leader in the development and production of advanced technical ceramics for demanding applications in the automotive, oil and gas, solar, industrial, electronics and defense industries. $860 million aggregate (approximately $670 million net of cash, cash equivalents, short-term investments and debt acquired); $35.00 per share.
Completed in November 2012; tender offer plus subsequent merger; debt acquired was largely repaid.
3M acquired Cogent, Inc. (NASDAQ: COGT), commonly referred to as Cogent Systems, based in Pasadena, California, for $10.50 per share, an aggregate value of approximately $943 million (about $430 million net of cash acquired), via a cash tender offer. Cogent provides finger, palm, face and iris biometric systems for governments, law enforcement agencies and commercial enterprises. $943 million aggregate (approximately $430 million net of cash acquired); $10.50 per share.
Completed in late 2010; 3M later acquired the remaining noncontrolling interest in December 2010 (approximately $248 million) at the same per-share price.