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

  • NoTraffic V2X tech gets US patent approval
    February 15, 2024
    Platform offers software-defined infrastructure including signalised intersections sensors
    Read More
  • DriveCam funding for strategic acquisition
    March 23, 2012
    To continue funding rapid growth and market expansion, DriveCam has entered into a definitive agreement to raise US$85 million in investment capital from Welsh, Carson, Anderson & Stowe XI, (WCAS), a New York-based private equity firm.
    Read More
  • Upgrade for Minnesota’s tolling system data integration
    May 31, 2016
    Following the US Department of Transportation’s Urban Partnership Agreement’s award to Minnesota DOT of the necessary funds to improve traffic flow on I-35W to and from downtown Minneapolis, Comtrol's DeviceMaster RTS 1-port was implemented to provide an Ethernet connection between all the toll tag readers along the I-35W corridor. The project consisted of retrofitting existing high-occupancy vehicle (HOV) lanes with technology that would enable single-occupant vehicles to use the HOV lanes. The toll lan
    Read More
  • Xerox and Mitsubishi present united front at World Congress
    October 10, 2016
    It’s been a year since Xerox and Mitsubishi Heavy Industries Mechatronics Systems (MHIMS), a subsidiary of Mitsubishi Heavy Industries (MHI) which took over the company's ITS business in November 2015, signed a memorandum of understanding to explore globally, on a case-by-case basis, potential ITS opportunities.
    Read More

Highlighted Content