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FRANKFURT–(BUSINESS WIRE)–Neology, Inc. today announced that it has entered into agreements 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 portfolio company managed by One Equity Partners (OEP), a middle-market private equity firm. The transaction is expected to close by the third quarter of 2017, subject to customary closing conditions, regulatory approvals and consultation or
May 10, 2017 at 08:29PM
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