M&A Deal Summary

Federal Signal Acquires PIPS Technology

On August 6, 2007, Federal Signal acquired electronics company PIPS Technology for 115M USD

Acquisition Highlights
  • This is Federal Signal’s 1st transaction in the Electronics sector.
  • This is Federal Signal’s 2nd largest (disclosed) transaction.
  • This is Federal Signal’s 2nd transaction in the United States.
  • This is Federal Signal’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2007-08-06
Target PIPS Technology
Sector Electronics
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

PIPS Technology

Knoxville, Tennessee, United States
website
PIPS Technology, a privately-held developer and manufacturer of automatic license plate recognition (ALPR) systems.

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Buyer(S) 1

Buyer

Federal Signal

Oak Brook, Illinois, United States

website

Category Company
Founded 1901
Sector Safety/Security
Employees3,900
Revenue 1.2B USD (2021)
DESCRIPTION

Federal Signal is a manufacturer of niche products in four operating groups, safety and signaling products, custom signage, consumable industrial tooling and emergency and environmental vehicles. Federal Signal was incorporated in 1901 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 3 of 13
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 3 of 12
State (Tennessee) 1 of 1
Country (United States) 2 of 11
Year (2007) 2 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-25 Riverchase Technologies

Sterrett, Alabama, United States

Riverchase Technologies LLC is a privately held developer of public safety software that equips first responders to better serve and protect their citizens.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 FSTech

Illinois, United States

FSTech provides electronic toll collection and parking management hardware and software services.

Sell $110M
Mergr

Product

Company

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