Neology, Inc. — Press Release (via GlobeNewswire, mirrored by the RAIN Alliance)
Neology Completes Acquisition of 3M's Tolling and License Plate Recognition Business
SAN DIEGO, June 30, 2017 (GLOBE NEWSWIRE)

Neology, Inc. today announced that it has successfully completed the acquisition of the Tolling and Automated License/Number Plate Recognition business of 3M's Transportation Safety Division. Neology is a subsidiary of SMARTRAC, an investment managed by One Equity Partners (OEP), a middle-market private equity firm.

With the acquisition, Neology expands its portfolio of best-in-class products with integrated end-to-end tolling solutions including high-quality RFID readers and tags, automatic vehicle classification systems, lane controller and host software, and back office software and services. It also offers a full spectrum of mobile and fixed cameras, software, and services in automated license/number plate recognition to service the Security and Law Enforcement market segments.

Source: Neology Completes Acquisition of 3M's Tolling and License Plate Recognition Business (originally distributed via GlobeNewswire)