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

  • IBTTA summit hits right notes in Salzburg
    December 5, 2018
    In the birthplace of Mozart, Colin Sowman found that delegates at the IBTTA’s inaugural World Tolling Summit were playing a variety of interesting tunes The first World Tolling Summit took place in Salzburg, Austria this autumn. Created and organised by the International Bridge Tolling and Turnpike Association (IBTTA), the event was supported by its European counterpart Asecap and hosted by Austria’s tolling authority, Asfinag. The transfer of views, experience and practice both ways across the Atl
    Read More
  • SPONSORED CONTENT: Using AI to achieve real traffic intelligence
    June 3, 2020
    The application of artificial intelligence has the potential to transform the performance of vision-based systems used for a wide and growing set of applications. These include vehicle presence detection and identification, count and classification, and enforcement, explains Roy Czinku of International Road Dynamics
    Read More
  • Capita and Morphean to partner on video surveillance
    July 21, 2016
    UK professional services company Capita is to integrate Morphean’s software into its CloudVision platform, a hosted video surveillance and analytics service using automated technology to simplify security management and intelligence gathering. The system’s sophisticated analytics include cross line detection, which detects moving objects that cross a virtual line, and digital auto tracking, which automatically detects and follows moving objects such as people and vehicles. CloudVision also offers intrusi
    Read More
  • International Road Dynamics to supply WIM stations for Canadian bypass project
    August 30, 2017
    Quarterhill subsidiary International Road Dynamics (IRD) has been awarded a contract valued at US$1.6 million (CA$1.95 million) to supply four commercial vehicle pre screening stations for the Regina, Saskatchewan Bypass project in Canada. The stations will be used by the Saskatchewan Ministry of Highways and Infrastructure to monitor and screen commercial vehicles based on weights and dimensions. Under the contract, IRD will supply and install an integrated system using its bending plate weigh in motion
    Read More

Highlighted Content