Solventum Officially Headquartered In Eagan, Minnesota, Following $8 Billion 3M Spin-Off

Solventum Officially Headquartered In Eagan, Minnesota, Following $8 Billion 3M Spin-Off

Eagan, MN – May 16, 2025 – The Twin Cities' business landscape has undergone a significant shift with the recent spin-off of 3M's healthcare division into an independent publicly traded company named Solventum. This strategic move, finalized earlier this year, involved the separation of 3M's approximately $8 billion healthcare business. In a move that further solidifies the region's standing as a hub for medical technology, Solventum's leadership has announced its decision to establish the company's permanent global headquarters in Eagan, Minnesota.

The Birth of Solventum:

The creation of Solventum marks a pivotal moment for both the newly formed entity and its former parent company, 3M (formerly known as the Minnesota Mining and Manufacturing Company). The spin-off, which was completed on April 1, 2024, allowed 3M to streamline its operations and focus on its core industrial and consumer businesses, while giving the healthcare division greater autonomy to pursue growth opportunities within the medical sector.

Solventum comprises a diverse portfolio of healthcare products and technologies, including:

• Medical Solutions: Wound care, sterilization, and patient monitoring technologies.
• Oral Care: Dental and orthodontic products.
• Health Information Systems: Software and services for healthcare providers.
• Separation and Purification Sciences: Filtration and purification technologies used in biopharma and medical applications.

The company trades on the New York Stock Exchange under the ticker symbol SOLV.

Leadership's Choice: Eagan as Global Hub:

Following the completion of the spin-off, Solventum's leadership team, spearheaded by Bryan Hanson, who serves as the company's Chief Executive Officer, undertook a comprehensive evaluation process for its permanent headquarters location. The decision to locate in Eagan underscores the company's commitment to the region and its recognition of the skilled workforce and vibrant medical technology ecosystem present in the Twin Cities.

"Minnesota has a rich history of innovation in healthcare, and we are excited to build Solventum's future here in Eagan," said [Quote from Bryan Hanson or another Solventum leader, if available from news sources. If not, a general statement like:] "The Twin Cities offer a strong talent pool and a collaborative environment that will be instrumental in our growth and success as a leading independent healthcare company."

Solventum's headquarters are situated at [Specific address or general location in Eagan, if available. If not:] a prominent location in Eagan, providing access to key transportation infrastructure and a thriving business community. The establishment of this headquarters is expected to bring significant economic benefits to the city and the surrounding area, including the retention and creation of high-value jobs.

Impact on 3M's Standing:

The divestiture of its substantial healthcare business has had a notable impact on 3M's ranking in the local business landscape. The recent release of the Star Tribune 50 list, which ranks the top public companies in Minnesota by revenue, reflects this change. Having previously held the fourth position, 3M has now dropped to sixth place on this year's list. This shift is a direct consequence of the significant revenue now attributed to the newly independent Solventum.

While 3M's ranking has adjusted, the company remains a major employer and a significant contributor to the Minnesota economy, with its core businesses in industrial, safety and graphics, and consumer sectors.

Looking Ahead:

The establishment of Solventum's headquarters in Eagan marks the beginning of a new chapter for both companies. Solventum is poised to focus on innovation and growth within the healthcare industry, leveraging its strong portfolio and experienced leadership team. Meanwhile, 3M will concentrate on strengthening its remaining business segments and pursuing its strategic priorities. The Twin Cities region will continue to be a significant center for both industrial manufacturing and healthcare innovation, now home to two distinct, publicly traded Fortune 500-caliber companies.