ST. PAUL, Minn.: 3M announced in a news release it has entered into an agreement to acquire Mercury Online Solutions Inc., a provider of hardware and software technologies and network management services for digital signage and interactive kiosk networks. Terms of the transaction were not disclosed.
This acquisition accelerates 3M's entry into the rapidly growing digital signage network marketplace. "The addition of Mercury Online Solutions Inc.'s digital signage networks is a natural extension of 3M's existing graphics business and allows us to use our global services platform," said Robert Doughty, division vice president, 3M Commercial Graphics Division.
Mercury Online Solutions offers industry-leading network reliability, a portfolio of proprietary hardware and the entire suite of FRED brand software products. In addition, Mercury Online Solutions provides an array of network design and management services including system consulting and design, implementation, monitoring and remote diagnostics, technical support and service, and content hosting.
"Mercury Online Solutions Inc.'s industry leadership, along with the quantity, variety and geographic diversity of the present digital signage opportunities, indicate that the industry has outgrown its founders," said John Eisenhauer, president and founder, Mercury Online Solutions. "3M's global reach and commitment to innovation will drive a dramatic and positive evolution within the industry based on synergies in our skills, processes, values and vision."
The acquisition is expected to close in August subject to customary closing conditions.
