
Monday, October 16, 2006
3M bites into oral care biz with Brontes buy
Lexington's Brontes Technologies Inc. reports being acquired by 3M for $95 million.
Brontes, which develops 3-D imaging technology, was founded in 2003 as part of the $50K Entrepreneurship Competition at MIT, at which they were one of two runners-up for the top prize.
The acquisition adds to 3M's proprietary intraoral scanning technology that enables three-dimensional digital dental impressions used to design and produce crowns, bridges and orthodontic appliances, company officials said.
The St. Paul, Minn.-based 3M employs 69,315 workers. In 2005, it reported $3.1 billion in net income.
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