3M Completes Sale of Tolling DivisionJuly 6, 2017
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3M has finalized the sale of its tolling solutions and automated license plate recognition business to Neology, Inc.
Per the terms of the deal, more than 75 employees from 3M’s tolling division will transfer to Neology. Financial terms of the sale were not announced.
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With global sales of US$25 billion, 3M is a leading producer of thousands of products ranging from chemicals, filtration systems, and safety and protection equipment to office, graphics, and health care equipment. For more information, visit www.3m.com.