by Globes’ correspondent
3M Corporation will acquire Tel Aviv-based Attenti Holdings SA for $230 million in cash, from an investor group led by Francisco Partners. Attenti Holdings was formally Dmatek Ltd., which was traded on the London Stock Exchange, before its acquisition in 2009. The company develops and manufactures remote people monitoring technologies, in other words, electronic ankle bracelets. The acquisition should be closed in the fourth quarter. The company’s products can be used monitor a person’s whereabouts, such as parolees or people with Alzheimer’s disease. Attenti has 340 employees in Tel Aviv, at three sites in the US at Tampa, Milwaukee and Naperville in Illinois, and at Sydney, Australia, and Plovdiv in Bulgaria. The company estimates that its sales will reach $100 million this year. http://www.globes.co.il/serveen/globes/docview.asp?did=1000585398&fid=1725