3M Mergers and Acquisitions Summary

Diversified Company

3M has acquired 80 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 19 assets.

3M’s largest acquisition to date was in 2019, when it acquired Acelity for $6.7B. It’s largest disclosed sale occurred in 2019, when it sold Kindeva Drug Delivery to Altaris Capital Partners for $650M. 3M has acquired in 22 different US states, and 17 countries. The Company’s most targeted sectors include manufacturing (25%) and medical products (18%).

Join Mergr and gain access to 3M’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity99
    • M&A Buy Activity80
    • M&A Sell Activity19
  • Total Sectors Invested 19
  • Total Countries Invested 17
  • M&A Buy/Sell Connections 37
  • M&A Advisors 9

3M

3M Company

3M Center,
St Paul, Minnesota 55144
United States,
(651) 733-1110
www.3m.com


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 76 2 1 1 - - 80
vol $8.7B $2.0B $1.0B $6.7B $18.4B
Sell (1.2/yr) # 13 1 1 4 - - 19
vol $434M $200M $996M $1.6B
  99

Most Recent M&A

Company Date Value Type
Kindeva Drug Delivery L.P. 2019-12-12 650M USD Divestiture
St Paul, Minnesota · www.kindevadd.com
3M Co. - Drive Thru Communications Systems Business 2019-09-04 - Divestiture
St Paul, Minnesota
3M Co. - Ballistic Protection Business 2019-08-09 116M USD Divestiture
St. Paul, Minnesota
3M Co. - Gas & Flame Detection Business 2019-06-05 230M USD Divestiture
St Paul, Minnesota
Acelity LP, Inc. 2019-05-02 6.7B USD Add-on Acquisition
San Antonio, Texas · www.acelity.com
MModal, Inc. - Technology Business 2018-12-19 1.0B USD Divestiture
Pittsburgh, Pennsylvania
3M Co. - Noise, Environmental, and Heat Stress Monitoring Products 2018-02-06 - Divestiture
St Paul, Minnesota
Elution Technologies 2017-09-07 - Add-on Acquisition
Colchester, Vermont · www.elutiontechnologies.com
Attenti Electronic Monitoring, Ltd. 2017-06-01 200M USD Divestiture
Tel Aviv, Israel · www.attentigroup.com
Scott Safety Supply Services, Inc. 2017-03-16 2.0B USD Divestiture
Whitecourt, Alberta · www.scottsafety.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 20 (25%) 1.4B (7%) - -
Medical Products 14 (18%) 7.6B (41%) - -
Consumer Products 9 (11%) - 3 (16%) -
Information Technology 5 (6%) 1.4B (8%) 3 (16%) -
Test/Measurement Equipment 6 (8%) - 1 (5%) 230M (14%)
Software 5 (6%) - 1 (5%) 85M (5%)
Technology Hardware 2 (3%) 230M (1%) 4 (21%) 200M (12%)
Safety/Security 3 (4%) 3.7B (20%) 1 (5%) 116M (7%)
Life Science 1 (1%) 80M (< 1%) 3 (16%) 999M (61%)
Chemicals 3 (4%) - - -
Apparel/Textiles 2 (3%) - - -
Building Materials 2 (3%) - - -
Machinery 2 (3%) 1.0B (5%) - -
Plastics 1 (1%) 860M (5%) 1 (5%) -
Aerospace 1 (1%) - - -
Business Services 1 (1%) - - -
Electronics 1 (1%) 110M (1%) - -
Energy Services and Equipment 1 (1%) 2.0B (11%) - -
Marketing 1 (1%) - - -
Communications - - 1 (5%) -
Electrical Equipment - - 1 (5%) -
Total 80 $18.4B 19 $1.6B

By Geo

State/Country Buy Value Sell Value
United States 50 16.1B 17 1.1B
  Minnesota 4 4.7B 11 1.1B
  California 7 1.3B - -
  North Carolina 5 1.0B 1 -
  Colorado 4 - 1 -
  Massachusetts 4 95M - -
  Texas 3 6.7B - -
  Ohio 3 - - -
  Pennsylvania 2 1.0B - -
  New Jersey 2 - - -
  Maryland 2 - - -
  Florida 2 - - -
  New York 1 - 1 -
  Michigan 1 - 1 -
  Wisconsin 1 - - -
  Washington 1 - - -
  Vermont 1 - - -
  Oklahoma 1 - - -
  New Hampshire 1 - - -
  Indiana 1 1.2B - -
  Illinois 1 110M - -
  Georgia 1 - - -
United Kingdom 6 80M - -
Canada 4 2.0B - -
  Ontario 2 - - -
  Quebec 1 - - -
  Alberta 1 2.0B - -
Brazil 3 - - -
Australia 1 - 1 349M
France 2 - - -
Germany 2 - - -
Israel 1 230M 1 200M
Poland 2 - - -
Switzerland 2 - - -
Chile 1 - - -
Italy 1 - - -
Japan 1 - - -
Norway 1 - - -
Peru 1 - - -
Sweden 1 - - -
Taiwan 1 - - -
Domestic 50 (63%) 16.1B (87%) 17 (89%) 1.1B (66%)
Cross-border 30 (38%) 2.3B (13%) 2 (11%) 549M (34%)
Total 80 $18.4B 19 $1.6B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
3
Prestwick Partners LLC
2
Morgan Stanley
2
Legal Deals
Cleary Gottlieb Steen & Hamilton LLP
3
Hogan Lovells
1

Deal Values

buy # Total
> $1B 7 $15.8B
$100M to $1B 5 $2.4B
< $100M 2 $175M
TOTAL $18.4B
Largest Acelity LP, Inc.
$6.7B (2019-05-02)
sell # Total
$100M to $1B 5 $1.5B
< $100M 1 $85M
TOTAL $1.6B
Largest Kindeva Drug Delivery L.P.
$650M (2019-12-12)

M&A Connections

Deals
Acquired from
Investor(s)
11%
9 (11%)
Strategic(s)
13%
10 (13%)
Divested to
Investor(s)
26%
5 (26%)
Strategic(s)
68%
13 (68%)

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