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Old 10-06-2015, 06:23 PM   #1
bgalbrecht
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3M bails on ebook library system
3M announced today that they are getting out of the ebook library business and are selling the business to an investor group. The business is expected to continue and the roughly 100 employees will work for the investor group.

MPR News
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Old 10-06-2015, 06:50 PM   #2
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More specifically, they are selling out to BIBLIOTHECA, as reported over at the Digital Reader Blog:
http://the-digital-reader.com/2015/1...book-business/

Quote:

3M's library division has been bought by Bibliotheca, a company that describes itself as "the largest global company dedicated to the development, deployment, and support of self-service library solutions".

The terms of the deal have not been disclosed, but the press release does mention that today's deal covers the purchase of 3M Library Systems' North American business, and includes agreements to buy the international business as well.
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Old 10-06-2015, 09:14 PM   #3
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So there was no synergy between double-sided mounting tape and ebook infrastructure for libraries, after all?
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Old 10-06-2015, 11:43 PM   #4
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Quote:
Originally Posted by tomsem View Post
So there was no synergy between double-sided mounting tape and ebook infrastructure for libraries, after all?
Apparently not:

Quote:
The business was part of 3M's Traffic Safety and Security Division, which the Twin Cities-based company says will now focus on core businesses such as signage and vehicle identification.
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Old 10-07-2015, 01:26 AM   #5
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Bibliotheca is owned by JP Morgan Chase Bank.
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Old 10-07-2015, 03:32 PM   #6
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Originally Posted by Fbone View Post
Bibliotheca is owned by JP Morgan Chase Bank.
e-book ads when I use the ATM at my local Chase
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