3M Acquires Federal Signal Technologies Group including UK-based operations
Bracknell, UK, 26 September 2012 - Diversified technology company 3M has announced the completion of its acquisition of the global business of Federal Signal Technologies Group (FSTech) for $110 million in cash. The group, which focuses on electronic toll collection and parking management hardware and software, includes two UK-based operations. PIPS is a leading provider of number plate recognition and DCS develops vehicle detection and classification technologies.
Queen’s Award for Innovation-winning PIPS Technology, based in Chandlers Ford, Hampshire, provides advanced number plate recognition systems including ANPR and Image Processing systems and has installations around the UK and across the world. Diamond Consulting Services (DCS), based in Aylesbury, Buckinghamshire, is the developer of Idris automatic vehicle detection and classification technology. DCS is constantly undertaking R&D work in Australia and in the USA as well as in the UK to stay at the cutting edge of this fast-expanding area of traffic management.
The companies will form an integral part of 3M’s worldwide Traffic Safety Systems (TSS) business within the 3M Display & Graphics Division.
Business Director for 3M Display & Graphics for the UK and Ireland, Steve Adams said of the acquisition: “We’re delighted to enhance our 3M TSS portfolio of products with the range of leading technologies from FSTech. I am confident that this will equip us to develop strong, next generation solutions. Governmental and commercial customers in the UK and Ireland and around the world will be able to rely on 3M for integrated parking, toll and public safety solutions.”
3M is a world leader in developing innovative solutions for the traffic safety market. Its wide product range includes reflective sheeting for traffic signs, vehicle conspicuity markings, licence plate reflective sheeting, road marking tapes and surface applied road studs. For more information about 3M Traffic Safety Systems visit www.3M.co.uk/traffic or call 01344 857950.
3M and Idris are trademarks of 3M Company
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Beky Cann
Neesham Public Relations
Tel: 44 (0) 1296 628180
Email: bekyc@neesham.co.uk
About 3M
3M captures the spark of new ideas and transforms them into thousands of ingenious products.
Our culture of creative collaboration inspires a never-ending stream of powerful technologies, creating innovative products that help make the world healthier, safer and more productive. Well known 3M brands include Scotch, Post-it, Scotchgard, Thinsulate and Scotch-Brite.
With $30 billion in sales, 3M employs 84,000 people worldwide and has operations in more than 65 countries. The UK and Ireland is home to one of the largest 3M subsidiaries outside the USA, employing 3,200 people across 19 locations, including 10 manufacturing sites.
Products manufactured in the UK include coated abrasives, occupational health and environmental safety equipment, adhesive tapes, industrial microbiology products, drug delivery systems, high-performance coatings, secure documents and passport scanners.
For more information, visit www.3M.co.uk or follow @3M_UK on
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