MMM - Mergers and acquisitions

3M will form a new joint venture to offer best-in-class safety, fire-rescue, and suppression solutions for firefighters, first responders, and industrial workersST. PAUL, Minn., March 19, 2026 /PRNewswire/ -- 3M (NYSE: MMM) announced today that it has entered into a definitive agreement to acquire Madison Fire & Rescue, in partnership with Bain Capital. 3M and Bain Capital will establish a new joint venture in which 3M will contribute Scott Safety, receive $700M of cash proceeds upon closing and own 50.1% of the new company with Bain Capital owning 49.9%. 3M's deep expertise and track record in the safety industry combined with Bain Capital's capability to integrate businesses, accelerate gr

Technology advances 'connected bodyshop' and provides shop owners and managers more access to data for enhanced productivity ST. PAUL, Minn., April 25, 2022 /PRNewswire/ -- 3M (NYSE:MMM) today announced that it has acquired the technology assets of LeanTec, a provider of digital inventory management solutions for the automotive aftermarket segment in the United States and Canada. The acquisition demonstrates 3M's commitment to its "connected bodyshop," one of 3M's active digital platforms that integrates data capture and analysis with material product platforms, capitalizing on emerging needs and trends. "Businesses across industries are looking for innovative ways to harness the power of di