Industrials Week In Review: 3M, Deere and Caterpillar

3M announced that it has completed the acquisition of Sumitomo 3M after purchasing the 25% stake of Sumitomo Electric. The acquisition will have an accretive impact on 3M’s earnings post the third quarter 2014 and will help increase its presence in Japan. The strategic acquisition will allow 3M to strengthen its presence in Japan, where it generates more than $2 billion in revenues.
Source: Markets