3M spent $ 2.5 billion acquisition of British personal security equipment manufacturers

3M Company announced that it has agreed to buy British personal safety equipment manufacturer Capital Safety Equipment Inc. from private equity giant KKR Group, the transaction price totaled $ 2.5 billion (about 15.521 billion yuan). The largest in the history of 113 years and this is an acquisition transaction 3M Company.

It is reported that the company’s acquisition of 3M UK’s Capital Safety equipment also includes the Capitol of $ 700 million (about 4.346 billion yuan) in debt. 3M side said it expects the transaction will be completed in the third quarter of this year, the first year after completion will lead to its earnings per share by 4 cents, but excluding one-time expenses will increase earnings per share of 12 cents.

In 2011, the Capitol was KKR in $ 1.1 billion (about 6.829 billion yuan) acquisition. In the fiscal year ended March 31 of years, Capitol revenues of $ 430 million (about 2.67 billion yuan).

3M Company Name MinnesotaMiningandManufacturing (Minnesota Mining and Manufacturing Company), founded in 1902, is the world’s leading diversified technology companies, known for innovation, product range known to the world, producing thousands of innovative products, medical products, highway safety, office culture and education products, optical products occupy a leading position in its core markets. At the same time, 3M Company is the United States track – one of the industrial component of index constituents 30 kinds Jones, in 2013 global sales of $ 30.8 billion, of which overseas sales of $ 19.7 billion (64% of the total).