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

  • Arup report reveals the future of highways
    December 3, 2014
    Future highways will be made from self-healing, glow-in-the-dark materials and will be governed by sophisticated technologies that communicate with cars, road infrastructure and GPS systems, according to the Future of Highways report from global engineering and design consultancy, Arup.
    Read More
  • Fleet management systems in the Americas ‘will exceed 13 million units by 2019’
    November 10, 2015
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 4.7 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.5 percent, this number is expected to reach 9.7 million by 2019. In Latin America, the number of active fleet management systems is expected to increase from 2.1 million in the fourth quarter of 2014, growing at a CAGR of 14.6 percent to re
    Read More
  • Cubic completes acquisition of Serco transport solutions
    November 27, 2013
    Serco’s transport solutions business will become a part of Cubic Transportation Systems following Cubic Corporation’s acquisition of the business for an enterprise value of US$70 million. Serco’s primarily a UK-based transport technology and services business and had revenues in the last calendar year of approximately $67 million.
    Read More
  • ITS in the Nordic states
    April 7, 2021
    Denmark, Norway, Finland and Sweden are quietly embracing advanced traffic technologies.
    Read More

Highlighted Content