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

  • Heathrow airport upgrades car park systems
    December 1, 2015
    APCOA Parking UK, operator of of Heathrow Airport’s parking facilities, has chosen APT Skidata, to re-equip nine staff car parks and refresh a further 1,580-space short stay multi-storey commercial passenger car parks serving Heathrow’s Terminal 3 (T3). Within the staff car parks, which need to accommodate 34,000 employees and currently use multiple parking systems, APT SkiData is installing its Column.Lite entrance systems at entry lanes, equipping them with radio frequency identification devices (RFID)
    Read More
  • Gardasoft Vision to become Optex subsidiary
    May 19, 2016
    UK LED lighting specialist Gardasoft Vision has been acquired by Optex of Japan and will become a wholly-owned subsidiary. Founded in 1999, Gardasoft specialises in the design and manufacture of high performance pulse/strobe controllers for LED lighting and high intensity LED illuminators, providing solutions to the global machine vision and intelligent traffic automatic number plate recognition markets. Being part of Optex will allow Gardasoft to extend the applications of its new Triniti technology
    Read More
  • Puerto Rico bridge toll enforcement for Emovis
    March 26, 2024
    ANPR system is for San Juan's Teodoro Moscoso Bridge, operated by Metropistas
    Read More
  • Vitronic develops gantry-less free-flow tolling
    February 23, 2017
    German tolling and machine vision specialist Vitronic has developed a technology for free-flow toll collection and enforcement that uses an optical identification and classification method installed at the side of the road and does not rely on gantry infrastructure. For easy installation, the new system is integrated in Vitronic’s City Design housing, which contains the complete sensor array and processing technology including vehicle-to-infrastructure communication-based on EETS compatible DSRC or on R
    Read More

Highlighted Content