3M Ventures Arm Makes Equity Investment in TaKaDu Water Network

3M Co. (MMM), whose products range from Scotch tape to dental braces and Ace bandages, is investing in TaKadu, whose water-network monitoring services help utilities curb losses, reduce costs and increase efficiencies.

Terms of the deal between 3M New Ventures of Munich and Yehud, Israel-based TaKaDu, which employs analytics to detect operational issues such as leaks and faulty meters in the water grid, weren’t disclosed, St. Paul, Minnesota-based 3M said today in a statement.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.