3M to acquire Biotrace for £52m

5 October 2006 — Bridgend (UK): 3M has made an offer of £1.30 ($2.46) per share to acquire Bridgend-based manufacturer of industrial microbiology products, Biotrace International.

The offer which values Biotrace shares at £52 million has been approved by the board of directors of both companies.

The transaction is expected to close during Q4.