3M to focus on connected roadways of the future

3M is to sell its electronic monitoring business to enable its Transportation Safety Division to focus on connected roadways of the future.
June 5, 2017 Read time: 1 min
3M is to sell its electronic monitoring business to enable its Transportation Safety Division to focus on connected roadways of the future.


According to John Riccardi, vice president and general manager, Transportation Safety Division, the divestiture is one of several actions the company has taken to improve its portfolio. “We are focusing on the rapidly changing trends in transportation safety and mobility, which include the connected roadways of the future,” he said.

The company has entered into an agreement to sell the business to an affiliate of Apax Partners, a leading global private equity advisory firm, for US$200 million; the transaction is expected to close in the third quarter of 2017.

For almost 80 years, 3M has developed solutions to improve road safety and mobility. The Transportation Safety Division, formerly known as the Traffic Safety and Security Division, supplies materials and solutions including retroreflective sign sheeting, pavement marking, temporary traffic control, vehicle registration and visibility.

Location Based Systems

Related Content

  • May 10, 2017
    3M reflect on why CAVs need lines and signs
    Tammy Meehan and Thomas Hedblom of 3M consider the ongoing development of technology needed to introduce connected and autonomous vehicles. The transportation industry is in the midst of the most dramatic shift since Henry Ford introduced horseless carriages. Already we are seeing the increased use of advanced driver assistance systems (ADAS) which, along with the introduction of autonomous vehicles in the next few decades, will bring profound changes to vehicles and the environment in which they operate.
    Read More
  • March 20, 2018
    3M features immersive VR installations
    We’re on the cusp of connected roads becoming a reality. So what will the world look like then? Visitors to the 3M stand here at Intertraffic Amsterdam can experience the future through two virtual reality (VR) installations. The 3M Connected Roads programme enables visitors to immerse themselves in a VR world that provides a glimpse into what the future of roadway infrastructure could look like, and the concepts being developed. The goal of the programme is to help facilitate the long-term transition to
    Read More
  • March 29, 2022
    3M reimagines approach to safety
    3M which, for over 80 years, has engineered infrastructure solutions to improve the safety and mobility of our roads is inviting visitors to re-envision the future of urban roads. It’s a future where traffic accidents in urban areas can be reduced. Even eliminated.
    Read More
  • April 8, 2014
    3M invests US$1.3 million in tolling technology testing
    3M is investing $1.3million to expand its research center to develop and test tolling and public safety products, and customers can use it too. When 3M opened its Transportation Safety Research Center (TSRC) in the 1970s it was as an extension of its research facilities. More than a showcase for innovation, the center was—and continues to be—a dynamic outdoor laboratory where new traffic materials, systems, vehicle safety and public safety products are tested in real-world conditions. Now, with 3M expanding
    Read More

Highlighted Content