1 June 2017
3M’s electronic monitoring business, formerly known as Attenti, with annual sales of approximately $95 million, is a global provider of electronic monitoring technologies, serving hundreds of national, federal, state, and local correctional and law enforcement agencies around the world. The business offers a differentiated full range of Global Positioning Systems (GPS), Radio Frequency (RF), alcohol verification monitoring and tracking solutions, supported by an integrated software monitoring platform. Over the past 20 years, 3M’s electronic monitoring business has developed a reputation for providing reliable, innovative and scalable electronic people-monitoring solutions to correctional and law enforcement agencies in 34 countries.
Managing partner of the firm commented: “3M’s electronic monitoring business is an innovative leader in this growing sector. We are excited by the opportunity to work with its highly accomplished management team and employees and we will continue to invest in R&D to maintain and grow the business’s technological advantage. Our aim is to grow the business in existing geographies as well as expand its global presence. I am confident that presence in the UK, US, China, India, Brazil and Israel will help achieve these goals.”
The firm was advised by the Tel Aviv law firm of Gornitzky & Co., led by partner Chaim Friedland.
*Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at 31 March 2017.
