Mergers and acquisitions
3M divests electronic monitoring business
3M Co., Maplewood, has completed the sale of its electronic monitoring business for approximately $200 million. Funds advised by London-based private equity advisory firm Apax Partners acquired the business and will rebrand it as Attenti.
The business provides electronic people-monitoring technologies to correctional and law enforcement agencies in 34 countries. The business has approximately $95 million in annual sales and 265 employees who are expected to transfer to Attenti.
Carlson Inc. adds board member
Carlson Inc., Minnetonka, has appointed Jude Buckley to its board of directors. Buckley currently leads the worldwide sales group within the consumer and device sales organization for Microsoft Corp. and previously worked with Best Buy and Carphone Warehouse.
Buckley becomes the ninth member of the business and travel management company’s board of directors.