Bibliotheca Acquires 3M Library Systems
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Global library solutions provider Bibliotheca announced October 6 that its shareholder company, One Equity Partners (OEP), has acquired 3M Library Systems’ North American business. In addition, OEP—the private equity arm of JP Morgan Chase & Co.—has entered into agreements to purchase the assets of 3M’s remaining global Library Systems business. The new Bibliotheca Group will incorporate 3M Library Systems—including its security, productivity, and cloud solutions divisions—into a single Bibliotheca brand. The terms of the transaction were not disclosed.
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