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

  • Aselsan demonstrates tolling and traffic management pedigree
    October 6, 2015
    Turkey-based tolling specialist Aselsan is aiming to create a big impact here in Bordeaux with advanced solutions for toll collection, integrated traffic management, vehicle recognition, tracking and enforcement. As the company points out, it has been providing toll collection and traffic management systems since the late 1980s. Indeed, Aselsan can point to a strong record of innovation and success and has won international recognition for several of its proven solutions that enable integrated traffic cont
    Read More
  • Q-Free to provide ISS in Texas toll road project
    September 10, 2019
    Q-Free is to deploy its Intrada Synergy Server (ISS) in an IBM contract to upgrade the Texas Department of Transportation (TxDoT) toll road back office. Q-Free says the vehicle identification and automatic number plate recognition system will reduce TxDoT’s number plate image processing costs by processing daily video transactions. ISS is a component of IBM’s integrated solution that can process millions of number plate images from the tolling system video cameras, the company adds. TxDoT is respons
    Read More
  • Aselsan installs Turkey’s first multi-lane free-flow tolling
    March 24, 2014
    Commuters in Istanbul using the bridges across the Bhosphorus Strait are set to benefit from Turkey’s first multi-lane free flow tolling system being installed by toll system manufacturer Aselsan. The company has already installed the initial part of the system on the northbound lanes of the Fatih Sultan Mehmet (FSM) Bridge (which carries 120,000 vehicles per day) and the system will be ready for operation in June.
    Read More
  • 3M’s tag reader interoperability
    December 4, 2012
    Ambassador Bridge, a key transit corridor linking Windsor, Ontario to Detroit and one of the most heavily travelled crossings in the US, is the first organisation in the US to install the 3M ID6204 Multiprotocol Reader, capable of reading all six tolling protocols used in North America. 3M says the ID6204 (formerly Sirit) ensures seamless interoperability regardless of tag type. Exclusive software controlled radio technology enables protocols to be turned on and off remotely with a simple command.
    Read More

Highlighted Content