3M India Limited has provided an update concerning the sale of the global Precision Grinding & Finishing (PG&F) business by its parent company, 3M Company, USA, to Nimbus. The transaction is slated for closure on April 1, 2026. Consequently, 3M India will cease all PG&F operations in India post-closing, except for limited transitional support to ensure customer supply continuity for up to 12 months. The Indian PG&F segment generated approximately INR 26 crore in sales during FY 2024-25.
Finalization of Global PG&F Divestiture
3M India Limited is informing stakeholders about the upcoming finalization of the agreement for the sale of the global Precision Grinding & Finishing (PG&F) business. The purchaser is Nimbus, a Europe-based private equity firm. This follows an initial disclosure made on November 3, 2025, regarding the agreement entered into in September 2025.
Impact on Indian Operations
The global sale is expected to officially close on April 1, 2026. As a direct result, 3M India Limited will not be able to continue PG&F operations in India after this date. It is noted that the PG&F business in India was operating as a trading operation, supported by two employees, and achieved sales of approximately INR 26 crore during the financial year FY 2024-25.
Post-Closing Transition Support
To ensure a smooth handover and maintain customer supply during the transition phase, the Company will provide limited post-closing support under a Transition Distribution Services Agreement. This support is projected to last for a maximum of 12 months, with an option for a 6-month extension.
Beyond these specified transitional activities, 3M India Limited confirms it will cease all PG&F related operations in the country immediately upon the global closing date.
Source: BSE
