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

  • Saving the smartphone zombies from themselves
    October 15, 2020
    As roads – particularly in cities – become busier, companies are fielding a steady trickle of products to keep pedestrians safe and vehicles flowing
    Read More
  • Can GNSS solve the tolling world’s woes?
    December 5, 2013
    Kapsch’s Arno Klamminger and Wolfgang Fleischer consider the need for an agnostic approach to technology for charging and tolling. Periodically, given the march of technology, it is worth pausing and taking stock of where we have got to and where we go next. Such reflections are necessary if we are to take full advantage of what we have at our disposal and, potentially, avoid decisions which push us down technological culs de sac. A look at the use of Global Navigation Satellite System (GNSS)-based technol
    Read More
  • Thales to launch Jakarta ticketing platform
    October 20, 2021
    Thales is delivering the solution as part of the Jatelindo consortium
    Read More
  • McCain takes on the Swarco name
    August 19, 2022
    It was in 2016 when US-based ITS supplier McCain became a part of the Swarco family.
    Read More

Highlighted Content