Add-on Acquisition • Life Science

3M Acquires Biotrace International

On October 4, 2006, 3M acquired life science company Biotrace International for 52M GBP

Acquisition Context
  • This is 3M’s 1st transaction in the Life Science sector.
  • This is 3M’s 14th largest (disclosed) transaction.
  • This is 3M’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date October 4, 2006
Target Biotrace International
Sector Life Science
Buyer(s) 3M
Deal Type Add-on Acquisition
Deal Value 52M GBP

Target Company

Biotrace International

Bridgend, United Kingdom
Biotrace International is a manufacturer and supplier of industrial microbiology products. Biotrace International specializes in the development and manufacture of rapid tests and laboratory consumables for environmental monitoring and quality control in a wide range of industrial and defense applications.
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Buyer Overview 1

Buyer

3M

St. Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 24.6B USD (2024)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company that produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


Deal Context for Buyer #
Overall 18 of 81
Sector: Life Science 1 of 1
Type: Add-on Acquisition 17 of 70
Country: United Kingdom 2 of 6
Year: 2006 12 of 14
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-08 Credence Technologies

Soquel, California, United States

Credence Technologies Inc. is a provider of instruments and high-end monitoring equipment for electrostatic discharge control and electromagnetic compliance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 Brontes Technologies

Lexington, Massachusetts, United States

Brontes’ “real-time” 3-D intraoral imaging technology can quickly and conveniently scan both arches of the mouth and will provide an alternative to the traditional dental impression process. Brontes’ technology will capture 3-D digital data directly from the patient’s mouth and enable streamlining the production of a wide variety of dental restorations and appliances.

Buy $95M