3M: acquisition of Aearo. 3M and Aearo Technologies announced that they have entered into a definitive agreement for 3M’s acquisition of Aearo for a total purchase price of US$1.2 billion, to be financed through a combination of cash and other borrowings.
Aearo will expand 3M’s occupational health and environmental safety platform by adding hearing protection as well as eyewear and fall protection product lines to the company’s existing full-line of respiratory products.
It provides a broad platform for accelerated growth.
This acquisition enables 3M to provide industrial, military and construction customers as well as consumers with a more complete personal protection solution.
