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 30, 2014
    Siemens to implement average speed enforcement in London
    Transport for London (TfL) has awarded Siemens a contract to replace existing speed cameras on selected routes in the capital with new digital average speed enforcement systems. The contract, part of TfL’s London Safety Camera Replacement Project, includes the deployment of more than 100 automatic number plate recognition (ANPR) cameras over the next 24 months, covering four main routes across London, which Siemens says represents the largest roll-out of its SafeZone average speed enforcement solution in
    Read More
  • April 9, 2014
    The bus to IP access control has left the station
    David Lenot examines how mass transit agencies can benefit from IP access control and the features required to ensure a sound investment. With millions of commuters relying on their services daily, mass transit agencies are faced with the unfortunate reality that their operations are susceptible to threats. A single incidence of unauthorised access to restricted areas and buildings could be the catalyst to damaged property, endangered lives or other unfortunate events. Unlike an international airport
    Read More
  • April 23, 2012
    Philips boosts business
    Royal Philips Electronics is boosting its portfolio with a move to acquire Indal, a leading Spanish professional luminaires supplier. The two firms have made an agreement over the proposed acquisition deal. Indal’s product line centres on outdoor lighting solutions and this acquisition will boost both the product range and geographical spread for Philips within the European market.
    Read More
  • February 2, 2012
    Sicore from Siemens
    Sicore is the new-generation ANPR (Automatic Number Plate Recognition) camera system designed by Siemens Mobility to read number plates automatically. The company says Sicore caters for a wide range of applications in parking space monitoring and security, vehicle speed and journey time measurement, as well as toll collection. Sicore can scan up to two lanes of traffic and even opposite directions of travel at the same time. The operating range is 5 to 30 metres for single-lane and 10 to 35 metres for two-l
    Read More

Highlighted Content