3M announced that it has entered into an agreement to acquire 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. The fast-growing $3 billion electronic tolling industry is projected to grow at a rate greater than 12% per year as government agencies increasingly rely on tolling t...