Khaitan & Co advised 3M Cogent on the Indian leg of its transaction involving the sale of Identity Management Business in various countries including India to Gemalto for $850m.
3M serves customers through five business groups, which increase speed and efficiency by sharing technological, manufacturing, marketing and other resources. 3M has various products in business sectors such as automatic, dental care, identity management, tapes and abrasives, hygiene and home care.
Popular global brands of 3M include Aqua-Pure, Post-it, Scotch-Brite and Avagard.
Anshul Prakash (associate partner) and Parag Bhide (senior associate) represented the client on the transaction.
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