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