3M Extends Partnership, Creates Co. With Quanta
Maplewood-based 3M Company is extending its partnership with Quanta Computer, Inc., with the creation of a Singapore-based company that will make and sell touchscreen solutions for the personal computing market.
The new company, which has not yet been named, is an extension of a collaboration between 3M and Taiwan-based Quanta that was announced earlier this year at the Consumer Electronics Show. Financial information about the newly formed company was not disclosed.
The new company will focus on designing and manufacturing touchscreen solutions for the casino gaming, education, foodservice, digital signage, health care, retail point-of-sale, and self-service markets.
It will be separate from 3M's wholly owned subsidiary 3M Touch Systems, Inc.-which focuses on touch solutions that incorporate finger and stylus input. A Friday afternoon call to a 3M representative to get more information about how the new company will be different from 3M Touch Systems was not immediately returned.
“Quanta's comprehensive knowledge of the PC industry, strength in technology and manufacturing, and innovative computer design capability-matched with 3M's proven materials science and manufacturing innovations-gives the new company the ability to provide the industry with solutions for consumers and their personal computing devices,” Joaquin Delgado, executive vice president of 3M's electro and communications business, said in a statement.
Quanta, which employs more than 50,000 employees and has annual revenue of more than $35.9 billion, specializes in manufacturing notebook computers and other PC-related products.
3M is among Minnesota's five-largest companies based on revenue, which totaled $26.7 billion in 2010.