Mankato’s Neutral Path Communications Bought By Boulder-Based Zayo

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Via News Release

“BOULDER, Colo.–(BUSINESS WIRE)–Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced that it has completed the acquisition of substantially all of the assets of Neutral Path Communications and Near North Partners.

The acquisition adds 452 owned route miles, plus additional leased route miles, to Zayo’s extensive North American network, including a unique, high-count fiber route from Minneapolis to Omaha. The fiber footprint provides Zayo with three owned diverse fiber routes out of Minneapolis, Chicago and Omaha.”

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3M Is Front And Center In Move Toward Electric & Autonomous Cars

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By Dee DePass Star Tribune

3M’s prowess in the auto world is accelerating. For years, it was mainly known for utilitarian contributions: reflective license plates and road signs; windshield shade films; paint tape; and the glue that kept the felt on car ceilings and the wood veneer on consoles. Craving more — and seeing an automotive industry in the throes of a huge transformation — 3M dispatched its electrical and safety engineers, designers and marketers to auto firms worldwide.”

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[UPDATED] Wearable Tech Startup RxFunction Raises $7.5m Series A

Updated 4/3: CEO Tom Morizio says the A Round was actually $7.5, $1.5m more than previously reported:

“Our intent was to raise $5m and we oversubscribed at $7.5m”

Updated 3/30/2018: New SEC disclosure indicates another $2m.

Original 1/2/2018: Minneapolis wearable prosthetic startup RxFunction is raising $5.77m of debt & equity with $3.95m closed per SEC disclosure.

RxFunctin is known for their wearable technology product Walkasins that uses sensors to improve balance and safety in patients who experience gait, or due to peripheral neuropathy.

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From A Box Of Radio Parts, To $2.3B Annual Revenue

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By John Reinan, Star Tribune

“THIEF RIVER FALLS, MINN. — If you were going to pick a spot to locate a worldwide shipping company, this wouldn’t be it.  An hour from the nearest interstate highway, with an airport terminal that’s smaller than the local curling club, Thief River Falls is a place where the recent arrival of a Tractor Supply store was big news.”

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Proto Labs Expands In Minnesota With New Brooklyn Park Building

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“MAPLE PLAIN, Minn.–(BUSINESS WIRE)–Protolabs (NYSE: PRLB) has purchased a new manufacturing facility in Brooklyn Park, Minn., the latest step the digital manufacturing company has taken to expand its prototyping and low-volume production capacity. The company has also recently invested in additional manufacturing equipment for both its American and European facilities to support business growth.”

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Burnsville’s DTN Buys Indiana AgTech Firm Spensa Technologies

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“MINNEAPOLIS, March 13, 2018 /PRNewswire/ — DTN, an independent source of insight and analysis, and decision-support solutions to customers worldwide in agriculture, energy, commodities and financial analytics, announced today that it has signed a definitive agreement to acquire Spensa Technologies, a precision agriculture technology company. Terms of the acquisition were not announced, and the sale is contingent upon Spensa shareholder approval.”

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Clearfield Acquires Product Portfolio from Calix

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“MINNEAPOLIS — February 21, 2018 — Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management and connectivity platforms for communications providers, has acquired a portfolio of Telcordia certified outdoor powered cabinet products from Calix, Inc. (NYSE: CALX) for a total consideration of $10.35 million in cash, in addition to the assumption of related warranty obligations as well as certain purchase commitments. The purchase price was paid with Clearfield’s available cash.”

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