3M to sell its tolling and ANPR business

3M has entered into agreements to sell its tolling and automated license/number plate recognition business, which is part of 3M’s Traffic Safety and Security Division, to Neology, a provider of integrated solutions for tolling, electronic vehicle registration and public safety applications. Neology is a subsidiary of Smartrac, a portfolio company managed by One Equity Partners, a middle-market private equity firm. 3M’s tolling solutions include RFID readers and tags, automatic vehicle classification systems
May 12, 2017 Read time: 1 min
4080 3M has entered into agreements to sell its tolling and automated license/number plate recognition business, which is part of 3M’s Traffic Safety and Security Division, to 8297 Neology, a provider of integrated solutions for tolling, electronic vehicle registration and public safety applications. Neology is a subsidiary of 6370 Smartrac, a portfolio company managed by One Equity Partners, a middle-market private equity firm.


3M’s tolling solutions include RFID readers and tags, automatic vehicle classification systems, lane controller and host software, and back office software and services. It also provides mobile and fixed cameras, software and services in automated license/number plate recognition. The business has annual global sales of approximately US$40 million.

Detection, Monitoring & Machine Vision Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Tier sells Nextbike to private equity firm
    April 30, 2024
    'Two distinct business and operating models' is given as reason for sale
    Read More
  • Gatso expands Australia, New Zealand agreement
    November 24, 2014
    Gatso Australia is pleased to announce that it has recently secured a new agreement with its principal automatic number plate recognition (ANPR) supplier NDI Recognition Systems (NDI). This agreement strengthens the relationship Gatso has developed with NDI which makes Gatso the principal supplier for NDI products in Australia and New Zealand and will build on the significant business Gatso and NDI have secured in Australia over the past four years.
    Read More
  • Jenoptik sees value in international outlook
    June 13, 2024
    Technology is always changing in the traffic management sector. Tobias Deubel of Jenoptik talks to Adam Hill about the past, the future – and the importance of global partnerships
    Read More
  • Dutch company 2getthere expands its automated transit systems into US
    January 5, 2017
    Dutch technology company 2getthere, which specialises in the development of automated vehicles, is set to open a new office in Silicon Valley in January 2017. From its new base in the US, the Utrecht-based company plans to expand its market for automated transit solutions, following its achievements in Singapore and Dubai and building on its experience in developing and operating automated, driverless vehicles. The company, which currently employs around 50 developers, IT specialists and engineers, e
    Read More

Highlighted Content