07 June 2018 22:41 750

3M Co. Ltd. has sold business solutions for the telecommunications market for $ 870 million

3M Co. Ltd. has sold business solutions for the telecommunications market for $ 870 million

3M Co. Ltd. has sold business solutions for the telecommunications market for $ 870 million

3M Co. Ltd. has sold business solutions for the telecommunications market for $ 870 million

This is a business that includes optical and copper solutions for the telecommunications industry and products for structured cabling systems. This division of the company annually brought revenues of about $ 400 million.

Meanwhile, the transaction to sell the 3M business in the field of solutions for the integration of telecommunication systems, which is based in Germany, has not yet been completed. The transaction cost is approximately $ 30 million, and its closure is planned for the end of this year.

In 3M, it is expected by results of 2018 to increase earnings per share by approximately $ 0.4-0.45 excluding costs associated with the sale of assets.

3M is a diversified, diversified international manufacturing corporation that specializes in manufacturing products for various markets. The assortment of the goods made by the corporation totals more than 50 thousand names from electronics to office supplies. The representative offices of the corporation are located in more than 70 countries of the world. 3M delivers its products to 200 states. The company employs more than 91 thousand people.

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