Flexible Electronics News

3M Completes Acquisition of the Business of Federal Signal Technologies Group

FSTech focuses on electronic toll collection and parking management hardware and software services

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M announced that it has completed its acquisition of the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corp., for a purchase price of $110 million in cash, subject to post-closing adjustments. FSTech focuses on electronic toll collection and parking management hardware and software services. Electronic tolling and parking are key adjacencies to 3M’s business for motor vehicle systems and services. FSTech complements 3M’s products and services for the Department o...

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