Flexible Electronics News

3M Completes Sale of Tolling, Automated License/Number Plate Recognition Business

Business sold to Neology, a subsidiary of SMARTRAC.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M announced that it has completed the sale of its tolling and automated license/number plate recognition business to Neology, Inc., a leading 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.   The tolling and automated license/number plate recognition business is a provider of tolling and automated license/nu...

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