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

  • Flare & EVware partner on micromobility connectivity
    June 23, 2023
    Companies' agreement means vulnerable road users should be better protected
    Read More
  • The sunshine subsidy for Colorado’s tollways
    January 10, 2014
    David Crawford reports on energy cost cutting on US highways. Just over a year after switch-on and with two global awards under its belt, the longest solar-powered toll road in the US is generating heightened interest in highway applications of alternative energy. The E-407, which loops around the eastern perimeter of the Denver metropolitan area in Colorado, won the International Bridge, Tunnel and Turnpike Association (IBTTA) President’s Overall Award for Excellence at its September 2013 Annual Meeting in
    Read More
  • UK police safety partnership to implement average speed enforcement
    July 14, 2016
    Siemens’ SafeZone average speed detection solution has been selected by the Sussex Safer Roads Partnership in the UK to improve safety and speed compliance in two key locations in Brighton and Hastings. The Home Office type-approved solution will be fully integrated to the back- office penalty notice processing facility run by Sussex Safer Roads Partnership. SafeZone uses automatic number plate recognition technology to identify all vehicles as they enter the enforcement zones. It calculates average spee
    Read More
  • Vendeka signs Philippines deal at Intertraffic
    March 26, 2014
    Vendeka underlined the robust health of the Turkish ITS industry when it signed a multi-million dollar deal with the San Miguel Corporation of the Philippines, at Intertraffic last night. The contract is to implement Vendeka’s Hybrid electronic toll collection (ETC) solution in three major highways in the Philippines. The scope of the project covers three tollways, 60 plazas, 300 lanes and 200,000 RFID tags.
    Read More

Highlighted Content