December 9, 2016 / 12:41 AM / 8 months ago

3M to sell identity management business to Gemalto

1 Min Read

Dec 8 (Reuters) - 3M Co, the maker of Scotch tape and Post-it notes, announced that it has entered into agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, the world leader in digital security, for $850 million.

The company said the deal is expected to close during the first half of 2017. (Reporting by Akankshita Mukhopadhyay in Bengaluru)

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