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

  • SeeDOT spots trucking transgressors
    June 1, 2015
    SeeDOT, from vehicle recognition specialist HTS, uses multiple 2MP IP imaging units with customised visible, near and invisible synchronised illumination to automatically monitor commercial vehicles entering and exiting controlled areas such as Ports of Entry, border crossings and weigh-in-motion stations. The system is said to operate effectively at both moderate and high speeds in mainline, virtual and ramp applications to capture details including DOT, LPR, Overview, KYU and Jurisdiction. HTS says Se
    Read More
  • Star Systems appoints senior product manager
    December 14, 2020
    Innovation experience of Eveline Mou will accelerate business expansion, company says
    Read More
  • Land of ITS opportunities
    February 2, 2012
    Geographically, Russia, the largest country in the world, is vast. So too are the opportunities for the global ITS community, which is why ITS Russia has been actively promoting the country and the opportunities that abound there. ITS Russia is reaching out around the world. In October, at the 17th ITS World Congress in Busan, South Korea, a cooperative agreement was signed with ITS America to promote and strengthen research, educational, and commercial cooperation in the ITS field among the two association
    Read More
  • Land of ITS opportunities
    February 6, 2012
    Geographically, Russia, the largest country in the world, is vast. So too are the opportunities for the global ITS community, which is why ITS Russia has been actively promoting the country and the opportunities that abound there
    Read More

Highlighted Content