Washington D.C., 12 December 2016 – Hogan Lovells represented 3M, a global science company, in agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, a world leader in digital security, for $850 million.

3M’s identity management business provides biometric hardware and software that enables identity verification and authentication, as well as secure materials and document readers. The transaction is expected to close during the first half of 2017, pending regulatory approvals and customary closing conditions.

Corporate partners Kevin Burke and Joseph Gilligan led the Hogan Lovells team, which also included Andrew McCormick, Allison McKenna Donovan, and Kathryn Raffensperger. Carin Carithers, Marianne Hallinan, and Margaret McIntyre advised on employment and employee benefits. Daniel Davidson and Christine Lane advised on tax. Agnes Dover, Brian Curran, Logan Breed, Michael Scheimer, and Patrick de Laperouse provided regulatory advice.