M&A Deal Summary

PAR Technology Acquires 3M - Drive Thru Communications Systems Business

On September 4, 2019, PAR Technology acquired communications company 3M - Drive Thru Communications Systems Business from 3M

Acquisition Highlights
  • This is PAR Technology’s 1st transaction in the Communications sector.
  • This is PAR Technology’s 2nd transaction in the United States.
  • This is PAR Technology’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-09-04
Target 3M - Drive Thru Communications Systems Business
Sector Communications
Buyer(s) PAR Technology
Sellers(s) 3M
Deal Type Divestiture

Target

3M - Drive Thru Communications Systems Business

St Paul, Minnesota, United States
3M Co. - Drive Thru Communications Systems Business is a wireless communications solutions have modernized communication tasks in foodservice utilizing high-quality sound and speaker systems.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PAR Technology

New Hartford, New York, United States
Category Company
Founded 1968
Sector Software
Employees1,800
Revenue 416M USD (2023)
DESCRIPTION

PAR Technology is a provider of software technology services to restaurant and retail industry. PAR Technology was founded in 1968 and is based in New Hartford, New York.

DEAL STATS #
Overall 3 of 8
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 5
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 PAR Springer-Miller Systems

Stowe, Vermont, United States

Springer-Miller Systems has been a technology innovator for the hotel and spa market. With offices in the United States, Canada, Europe and the Asia-Pacific region, Springer-Miller is focused on providing first-class software and service to all of its customers and in turn to their guests and clients. It offers solutions for the full spectrum of the hospitality market, from boutique hotels and independent resorts to international chains and luxury spas, all backed by a global service network.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 PAR Technology - SureCheck

New Hartford, New York, United States

PAR Technology Corp's SureCheck mobile food safety solutions and monitoring business in New Hartford, New York.

Sell -

Seller(S) 1

SELLER

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 18 of 19
Sector (Communications) 1 of 1
Type (Divestiture) 17 of 18
State (Minnesota) 10 of 11
Country (United States) 16 of 17
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 3M - Ballistic Protection Business

St. Paul, Minnesota, United States

3M Co. - Ballistic Protection Business is a is a provider of next generation armour solutions, including ballistic helmets and body armour, and is a trusted supplier to US and rest of world military and law enforcement customers.

Sell $116M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Kindeva Drug Delivery

Woodbury, Minnesota, United States

Kindeva Drug Delivery engages in drug delivery that partners with pharmaceutical and biotech companies to develop and manufacture pharmaceutical products using its unique inhalation, transdermal, microneedle, or conventional drug delivery technologies. Kindeva Drug Delivery was formed in 2020 and is based in Woodbury, Minnesota.

Sell $650M
Mergr

Product

Company

Legal