Federal Signal selling FSTech unit to 3M
6/21/12 7:30 AM ET (MarketWatch)
NEW YORK (MarketWatch) -- Federal Signal Corp. said Thursday it'll sell for $110 million in cash to 3M Co. its Federal Signal Technologies LLC unit, also known as FSTech. The deal is expected to close in the second half of the year. FSTech makes hardware and software used in electronic tolling, parking and access control and law enforcement.