The technology company 3M has acquired Federal Signal Technologies Group (FSTech) for $110 million in cash. The group includes two UK-based operations: PIPS the number plate recognition product firm and DCS the vehicle detection and classification software firm.
PIPS Technology, based in Chandlers Ford, Hampshire, provides 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 software.
According to 3M 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 and Graphics for the UK and Ireland, Steve Adams said: “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.”
For more information about 3M Traffic Safety Systems visit www.3M.co.uk/traffic.
