3M to enter the field of security products

[ecbiz21]

According to coach outlet reports, 3M is trying to buy 943 million U.S. dollars to the Internet service provider Cogent, to enter the field of security products.

A wide range of 3M products, including sticky, breathing apparatus, LCD TV screen film. Cogent has developed fingerprint and palm recognition system, and its iris and coach bags,facial recognition systems have been widely used in government departments, law enforcement agencies and border control departments.

Cogent's board of directors has approved the deal and recommended shareholders accept the deal. 3M Monday said that Cogent is willing to pay 10.50 U.S. dollars per share purchase price, the higher the price Cogent last Friday's closing price of nearly 18%.

Previously, 3M already has a special recognition and identification systems department(Coach factory outlet). Cogent said Ming Hsieh, founder and CEO, 3M, after the acquisition of Cogent, will be able to border and law enforcement agencies to compete in this market.

U.S. investment firm SterneAgee analyst NicholasHeymann said the acquisition of Cogent will help 3M to improve its border management product line, related to passports, visa and document recognition.

Hyman said the smart phone began to replace with a kind of payment card Cheng Wei, Cogent Jiang Keyibangzhu 3M Yanzhi Shengwuceliang security Shibiechanpin, Ji according to Ren Men's palm or the eye Shenfen identification of Ji Tong.

3M's acquisition offer will be effective within 10 days, it is expected that the transaction will be completed by the end. 3M said that excluding accounting adjustments and integration costs, the acquisition will allow 3M in the next 12 months earnings per share increase by 1-2 cents