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3M Buys Digital Security Firm AiT for $37 million
3M, best known to consumers as the maker of Post-It Notes and adhesives, is a $16 billion diversified technology company serving the healthcare, safety, electronics, telecommunications, industrial, consumer and office markets.
AiT makes systems for the secure control of ID and travel documents such as passports; and inspection and border control systems used to confirm the identity of travelers. AiT's products are used globally, including in the US, Canada and the UK.
The combination is a sign of the increasing perception among mainstream players that hi-tech security systems have long-term commercial value.
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