M&A Deal Summary

3M Acquires Les Entreprises Solumed

On April 1, 2008, 3M acquired medical products company Les Entreprises Solumed

Acquisition Highlights
  • This is 3M’s 8th transaction in the Medical Products sector.
  • This is 3M’s 1st transaction in Canada.
  • This is 3M’s 1st transaction in Quebec.

M&A Deal Summary
Date 2008-04-01
Target Les Entreprises Solumed
Sector Medical Products
Buyer(s) 3M
Deal Type Add-on Acquisition

Target

Les Entreprises Solumed

Laval, Quebec, Canada
Les Entreprises Solumed Inc. is a Quebec-based developer and marketer of leading-edge medical products designed to prevent infections in operating rooms and hospitals.

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Buyer(S) 1

Buyer

3M

St. Paul, Minnesota, United States
Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
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. The Company 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 STATS #
Overall 39 of 81
Sector (Medical Products) 8 of 14
Type (Add-on Acquisition) 35 of 70
State (Quebec) 1 of 1
Country (Canada) 1 of 4
Year (2008) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-15 Aearo Technologies

Indianapolis, Indiana, United States

Aearo is a global leader in the hearing, eye, face, head and respiratory protection segments of the global personal protection equipment market. Aearo manufactures and sells hearing protection devices, communication headsets, prescription and non-prescription safety eyewear, face shields, reusable and disposable respirators, fall protection equipment, hard hats and first aid kits in more than 70 countries.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 HighJump Software

Eden Praire, Minnesota, United States

HighJump Software, Inc. is a provider of supply chain management software that streamlines the flow of inventory and information from supplier to store shelf. HighJump Software was founded in 1983 and is based in Eden Praire, Minnesota.

Sell $85M
Mergr

Product

Company

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