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

Related Content

  • September 20, 2012
    New tag reader from 3M enables toll interoperability
    Ambassador Bridge, a key international transit corridor linking Windsor, Ontario to Detroit and one of the most heavily travelled international crossings in the US, is the first organisation in the United States to install the newly available 3M ID6204 Multiprotocol Reader, capable of reading all six tolling protocols used in North America. According to 3M, the ID6204 reader (formerly Sirit) ensures seamless interoperability regardless of tag type deployed on customer vehicles. The ID6204 features an exclus
    Read More
  • December 20, 2013
    Georgia Tolls contracts awarded
    Georgia Tolls has awarded contracts for their second and third toll express lanes project on I-75 south and I-75/575 northwest. With national interoperability planned they require the toll systems supplier to install multi-protocol readers on the toll gantries to E-ZPass transponders as well as 6C sticker tags. Toll system integrator will be 3M who is to provide the toll system including vehicle detection, tracking and classification loops, 3-protocol RF readers, license plate imaging cameras and illumin
    Read More
  • July 10, 2015
    Image Sensing Systems to sell ANPR/LPR business to TagMaster
    Image Sensing Systems (ISS) has announced the sale of its automatic number plate recognition (ANPR/LPR) business to TagMaster for the purchase price of US$4.2 million in cash. ISS has decided to shift its strategic direction and focus to the intelligent transportation systems (ITS) market by investing in its Autoscope video detection and RTMS radar detection products and solutions. As of 9 July 2015, the ANPR/LPR business, including all products and solutions, will transition to TagMaster. TagMaster was fou
    Read More
  • February 1, 2012
    Growth of ANPR applications for enforcement, tolling and more
    Automatic number plate recognition continues to find new applications beyond the traditional. In coming years, we can expect the application set to grow significantly Moore's Law has seen to it that computer processing power has improved out of all comparison in the 30-plus years since the first working Automatic Number Plate Recognition (ANPR) system was created by the UK's Police Scientific Development Branch. The attendant increases in systems' capabilities have resulted in ANPR being deployed globally
    Read More

Highlighted Content