3M shows faith in tolling

3M’s decision to acquire the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation for a purchase price of US$110 million in cash provides an insight into the company’s view of the tolling industry’s future health. 3M says the fast-growing US$3 billion electronic tolling industry is projected to grow at a rate greater than 12 per cent per year as government agencies increasingly rely on tolling to fund roadway infrastructure, construction and maintenance. The company says FS
August 13, 2012 Read time: 2 mins
4080 3M’s decision to acquire the business of 811 Federal Signal Technologies Group (FSTech) from 38 Federal Signal Corporation for a purchase price of US$110 million in cash provides an insight into the company’s view of the tolling industry’s future health.

3M says the fast-growing US$3 billion electronic tolling industry is projected to grow at a rate greater than 12 per cent per year as government agencies increasingly rely on tolling to fund roadway infrastructure, construction and maintenance.

The company says FSTech’s solutions for electronic tolling, vehicle identification and classification, toll management software, licence plate recognition, and parking lot fare collection systems, combined with 3M’s traffic management solutions, will advance the tolling and parking industry, enabling seamless fare collection wherever motorists drive.

“Electronic tolling and parking are key adjacencies to 3M’s offering for motor vehicle systems and services,” said John Houle, vice president and general manager, 3M Traffic Safety Systems Division. “FSTech will complement 3M’s offerings for the Department of Transportation, the Department of Motor Vehicles, toll authorities, and law enforcement agencies, and expand on our core traffic products for motor vehicles and roadways, and licence plate validation materials.”

FSTech’s technologies come from its five business units: 36 Idris - vehicle detection and classification solution; PIPS - fixed and mobile automatic license plate reading hardware and software; 6359 Federal APD - parking management and fare collection solutions; 495 Sirit - active and passive RFID transponders and readers; and 2073 VESystems - toll account management and violation processing software and services.
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Verra Mobility launches pay-as-you-go tolling service in US
    October 26, 2018
    Verra Mobility says its pay-as-you-go tolling service can be used on 95% of cashless toll roads and bridges throughout the US without additional hardware, transponders or multiple accounts. Called Peasy, the digital platform is expected to remove the need for drivers to pre-fund tolling accounts or to submit payments by post. Peasy is available for drivers who have an existing transponder or toll tag account as well as motorists who do not have an account with a toll authority. Users can add multiple
    Read More
  • Perceptics LPR imaging systems to be installed at key US border checkpoints
    March 8, 2016
    Perceptics, working in conjunction with Unisys Federal Systems, has been awarded a key contract by US Customs and Border Protection to replace existing licence plate reader (LPR) technology, and to install Perceptics next LPRs at 43 US Border Patrol check point lanes in Texas, New Mexico, Arizona, and California. Perceptics LPR integrates vehicle and surrounding scene and driver images and offers a range of features that provide personnel at border checkpoints with high quality images and high licence pl
    Read More
  • Massachusetts plans all-electric tolling
    March 8, 2013
    Massachusetts Department of Transportation (MassDOT) is committed to implementing all-electronic tolling (AET) by the middle of 2016; the Tobin Bridge will be converted first as a demonstration to familiarise the public, according to Frank DePaola, the state's highway administrator. The state is going all-electronic because with modern technology it's the most cost-effective way to collect tolls, and because it reduces delays to motorists and improves safety at toll points, he said. MassDOT has estimated it
    Read More
  • ITS asset management matters
    April 26, 2013
    Maintenance of on-road ITS kit needs to become more sophisticated; while new technologies can deliver better road maintenance. David Crawford investigates both sides of the issue "Good information is key to effective ITS asset maintenance,” says Ian Routledge of the Ian Routledge Consultancy (IRC), whose Imtrac (Information Management for TRAffic Control) system is poised for European expansion. Developed as an ‘intelligent filing cabinet’ for storing information about on-road equipment, the online database
    Read More

Highlighted Content