3M Company (NYSE:MMM) has announced that it has acquired interest in Energy, Inc. The terms of the transaction were not disclosed. Energy, Inc. is a South Carolina based company. It’s product The Energy Detective (TED), enables viewers to view real time residential energy data remotely on the internet. 3M’s acquisition of interest in Energy, Inc. will allow the company to offer complementary products for energy consumption management.
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3M Company (3M) is a diversified technology company with global presence in industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company is a primary manufacturer of products for many of the markets it serves. 3M operates in six operating business segments: industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company’s products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries worldwide. In February 2009, the Company announced the formation of its Renewable Energy Division within 3M's Industrial and Transportation Business.
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