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

  • Kapsch to deploy tolling roadside systems in Australia
    December 17, 2018
    Kapsch TrafficCom Australia is to deliver a tolling roadside system for two projects in Melbourne and Sydney for a combined value of AUD$30 million (£17m). In Melbourne, Kapsch’s tolling technology will be utilised in the West Gate Tunnel Project, an initiative which seeks to establish a second river crossing in the city and remove thousands of trucks from residential streets. Part of an agreement between two contractors: CPB Contractors John Holland Joint Venture (CPBJH JV), the full scope of the contr
    Read More
  • Turas to manage free-flow transactions in Dublin
    April 26, 2019
    Turas, a joint venture comprising Vinci Highways and business process management provider Abtran, is to manage free-flow transactions services in Dublin, Ireland. The 11-year contract, valued at £321 million, is for the Irish capital’s ring road (M50 motorway) as part of an agreement with state agency Transport Infrastructure Ireland (TII). Vinci, a subsidiary of Vinci Concessions, and Abtran will combine resources to deliver a service which covers the technology, systems and operations to support free-fl
    Read More
  • Growth of outsourcing simplifies transportation operations
    June 11, 2012
    Xerox Chairman and CEO Ursula Burns will deliver the keynote address at the opening plenary of ITS America’s 2012 Annual Meeting in May. She talked to ITS International about the acquisition of ACS, its rebranding and the importance of the transportation sector to Xerox
    Read More
  • Sophisticated vehicle classification system
    January 24, 2012
    Stemmer Imaging is launching a sophisticated vehicle classification system that allows both the class of the vehicle, such as motorcycle, car, taxi, light van, bus or truck, to be identified as well as the vehicle make, model and colour and can be linked with ANPR systems. It utilises the Manto pattern recognition tool, which is part of the company's Common Vision Blox hardware-independent machine vision toolkit. Potential applications for the systems include congestion charge monitoring and other road toll
    Read More

Highlighted Content