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

  • Nedap expands ANPR camera range
    March 19, 2019
    Nedap has launched two automatic number plate recognition (ANPR) cameras for vehicle access control applications. The company says its advanced ANPR Lumo uses deep learning algorithms to capture number plates which include different font formats. The ANPR Access V2, a successor of Nedap’s ANPR Access, is expected to offer improved performance while being compatible with existing installations. Both cameras integrate parking and traffic management systems as well as third-party security systems using
    Read More
  • Q-Free focuses on all aspects on road operations
    September 7, 2014
    As visitors to the Q-Free booth at the ITS World Congress Detroit will see, the company has transformed its portfolio, shifting from a predominant focus on tolling to cover all aspects of road operations – financing, condition monitoring, real-time management and emerging cooperative ITS applications.
    Read More
  • The new multi-technology MACE Smart reader from Nedap reads virtual credentials on smartphones for faster and better access cont
    January 18, 2018
    Nedap Identification Systems has developed a new, multi-technology reader for mobile access control as part of its MACE suite of products. The MACE Smart reader “is able to read virtual credentials on smartphones” says Nedap, as well as “conventional smartcards.” ”We are committed to unlocking the potential of smartphones as identification technology in access control systems,” says Maarten Mijwaart, General Manager of Nedap Identification Systems. This “new reader is proof of this commitment. In addition
    Read More
  • Lector Vision glasses provide a new view on ANPR
    April 6, 2016
    A pair of glasses with built-in automatic number plate recognition (ANPR) has been developed by Intertraffic exhibitor Lector Vision. The glasses have an onboard camera, GPS and a CPU along with software to allow plate recognition to be executed inside the glasses.
    Read More

Highlighted Content