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NewsAdhesives and Sealants TopicsAdhesives & Sealants HeadlinesMergers/AcquisitionsFinished Adhesives and SealantsPressure-Sensitive Adhesives (PSAs)

3M Acquires LeanTec

Mergers.jpg
May 2, 2022

3M has acquired the technology assets of LeanTec, a provider of digital inventory management solutions for the automotive aftermarket segment in the U.S. and Canada. According to 3M, the acquisition demonstrates its commitment to the “connected bodyshop,” one of 3M’s active digital platforms that integrates data capture and analysis with material product platforms, capitalizing on emerging needs and trends.

“Businesses across industries are looking for innovative ways to harness the power of digital transformation—and body shop owners are no exception,” said Dave Gunderson, president of the 3M Automotive Aftermarket division. “This acquisition adds new levels of data integration and insights that will allow body shops greater visibility of their business operations, operational efficiency, and a better customer experience.”

The LeanTec technology reportedly complements 3M™ RepairStack™ Performance Solutions. This hardware and software system helps ensure materials needed for safe and reliable repairs are available on hand, streamlines the blueprinting and billing process, and gives real-time insight into business performance.

3M uses the term “connected bodyshop” to describe a new level of digital tools and connectivity that enable and streamline shop operations, capitalizing on data analytics, predictive tools, integration, and automation. As vehicles become more sophisticated due to use of sensors and digital features, body shops need to keep pace with this digitization to efficiently service the next generations of vehicles.

Visit www.3m.com and www.leantec.com to learn more.

 

KEYWORDS: acquisitions general business

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