July 12, 2007

Acquisitions -- 3M Buys Rochford Thompson

UK passport reader manufacturer Rochford Thompson has agreed to be purchased by 3M. Passport readers are used in all types of airline and travel security kiosks. This narrows the field abit now with 3M, Access Keyboards, and Desko being most of the market.

Rochford Thompson Tel: +44 (0)1635 580666
The Votec Centre Fax: +44 (0)1635 36940
Hambridge Lane Email: [email protected]
Newbury, Berkshire Web: www.passport-scanners.com
RG14 5TN, United Kingdom

3M to Acquire Rochford Thompson Equipment Ltd.

- Acquisition Broadens 3M's Secure Document Scanning Solutions Portfolio -

ST. PAUL, Minn., and BRACKNELL, England - July 12, 2007 - 3M announced today it has entered into a definitive agreement to acquire Rochford Thompson Equipment Ltd., a manufacturer of optical character recognition passport readers used by airlines and immigration authorities, headquartered in Newbury, Berkshire. Terms of the transaction were not disclosed.

As a provider of security document scanning solutions, Rochford Thompson's core skills are in the data capture of identity document information from complex digital images and RFID chips. The majority of Rochford Thompson readers are used by airlines for data capture at check-in desks and self-service kiosks and by immigration authorities for border control. Other users include cruise lines, ferry companies, transport police, banks and other organisations that need to read passports, visas, ID cards or airline tickets.

"The addition of Rochford Thompson enhances our line of products for secure document capture and authentication and will allow us to expand into transportation markets such as international airlines," said Mike Delkoski, division vice president, 3M Security Systems Division.

"Rochford Thompson's product line includes swipe readers and mobile readers that are ideal for use in the airline industry for reading tickets, passports and other IDs," added Phil Wild, managing director, Security Systems, 3M United Kingdom and Ireland.

Complementary acquisitions such as this support both 3M's core business and growth strategy to expand into adjacent markets. Rochford Thompson employs approximately 30 people. The transaction is expected to close in the third quarter, subject to customary closing conditions.

About Rochford Thompson Equipment Ltd.
Rochford Thompson Equipment Ltd., founded in 1974, provides customers with a range of specialized hardware and software solutions for reading and processing machine readable travel documents, including passports and airline tickets.

About 3M
3M is a $22.9 billion diversified technology company, creating innovative products that help make the world smarter, faster, healthier and safer. Well known 3M brands include Scotch, Post-it, Scotchgard, Thinsulate and Scotch-Brite.

3M has pioneered innovation since 1902 and, today, invests more than $1.5 billion a year in R&D. It has applied its expertise in RFID technology to deliver biometric passports; it is using its understanding of the healthcare industry to provide hospitals with infection prevention solutions; and its digital signage offerings are set to revolutionise the way businesses communicate with their customers, their employees and the general public.

3M employs 75,000 people worldwide to deliver more than 55,000 products to customers in some 200 countries. Its diverse technologies touch nearly every aspect of modern life, serving markets such as consumer and office, display and graphics, electronics and communications, safety, security and protection services, healthcare, industrial and transportation.

The UK and Ireland is home to one of the largest 3M subsidiaries outside the USA, employing 3800 people across 16 locations, including 11 manufacturing sites. Products manufactured in the UK include coated abrasives, respirators, adhesive tapes, industrial microbiology products, drug delivery systems, high-performance coatings and secure documents.

3M Centre, Cain Road, Bracknell, Berkshire, RG12 8HT
Tel: 08705 360036

Media Contacts:
Donna Fleming Runyon, 3M
00 1 651 736-7646

John Klee, 3M United Kingdom
01344 858516

Investor Contacts:
Matt Ginter, 3M
00 1 651 733-8206

Bruce Jermeland, 3M
00 1 651 733-1807

Rochford Thompson Equipment Limited is a private limited company registered in the UK at The Votec Centre, Hambridge Lane, Newbury, Berkshire, RG14 5TN, UK. Registration number 2661558

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Posted by staff at July 12, 2007 09:44 AM