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Thursday, October 8, 2015

Is 3M Leaving Library Technology Completely?

3M Sells Its Library Technologies Business to Private Equity Firm

One Equity Partners Capital Advisors, previously part of JP Morgan, has acquired the 3M Library Systems business

Talking New Media | October 6, 2015


3M today announced that it has completed the sale of assets of its North American Library Systems business to One Equity Partners Capital Advisors L.P. (OEP). 3M also announced that it has entered into agreements for OEP to purchase the assets of its remaining global Library Systems business.

Source: http://solutions.3m.com/wps/portal/3M/en_US/library-systems-NA/library-technologies/

<more at http://www.talkingnewmedia.com/2015/10/06/3m-sells-its-library-technologies-business-to-pe-firm/; related links: http://www.bizjournals.com/twincities/news/2015/10/06/3m-checks-out-of-100m-library-systems-business.html (3M checks out of $100M Library Systems business. October 6, 2015) and http://americanlibrariesmagazine.org/2014/04/15/library-systems-report-2014/ (Library Systems Report 2014. April 15, 2014)>

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