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

  • Just wave and go with electronic tolls
    January 14, 2013
    Drivers using the Windsor-Detroit tunnel linking Canada with the US will shortly be able to pay electronically on both sides of the border. Until now, electronic payment has only been available on the US side. Tunnel president Neal Belitsky said, “It’s part of a plan to eventually phase out tunnel tokens after 2013. We’re going to be getting out of the token business. If you look throughout the US or Canada, you can count the number of transportation facilities that use tokens ... probably on one hand.” T
    Read More
  • Jenoptik showcases global family of traffic enforcement and monitoring
    March 1, 2016
    Jenoptik Traffic Solutions says it will use Intertraffic Amsterdam 2016 as the perfect platform to present its global family of enforcement and monitoring technologies. The company says that with over 30,000 delivered systems, operating in more than 80 countries around the world, it understands very well that not all customers have the same requirements; one size does not fit all.
    Read More
  • ITS Japan discusses World Congress legacies
    September 8, 2014
    It is often overlooked that the end of an ITS World Congress can be a dynamic beginning and the legacy can be far-reaching. Hajime Amano, President and CEO of ITS Japan explains how each time the country has hosted an ITS World Congress it has brought about major new national initiatives
    Read More
  • New York ANPR cameras to track all vehicles
    March 20, 2013
    New York City Police Department (NYPD) Commissioner Raymond W. Kelly announced a major project to install licence plate reader cameras in every lane of traffic on all of the bridges and tunnels that serve as entrances and exits to Manhattan. Currently, Kelly said, the NYPD has complete coverage on the Manhattan and Brooklyn Bridges and the Battery and Holland Tunnels. Licence plate cameras will be commissioned for additional bridges by this summer. The devices can quickly scan licence plate numbers and subm
    Read More

Highlighted Content