3M Acquires Biometric Provider Cogent Systems for $943 Million

3M and Cogent Systems entered into a definitive agreement for 3M’s acquisition of Cogent for US$10.50 per share. The proposed transaction has an aggregate value of approximately $943 million, or approximately $430 million net of cash acquired. Cogent provides finger, palm, face and iris biometric systems for governments, law enforcement agencies, and commercial enterprises.  read more