One Equity-backed Neology acquires assets from 3M

One Equity Partners-backed Neology, Inc. agreed to acquire the tolling and automated license/number plate recognition business of 3M's traffic safety and security division. Neology is a subsidiary of SMARTRAC, a One Equity portfolio company. The deal is expected to close by the third quarter of 2017. Terms of the deal were not disclosed.

DealsNorth AmericaUSBriefs