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3M Ventures Arm Makes Equity Investment in TaKaDu Water Network

Oct. 16 (Bloomberg) -- 3M Co., 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.

Link to Company News:{MMM US <Equity> CN <GO>}

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

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