Divestiture • Electronics

3M Acquires FSTech

On June 21, 2012, 3M acquired electronics company FSTech from Federal Signal for 110M USD

Acquisition Context
  • This is 3M’s 1st transaction in the Electronics sector.
  • This is 3M’s 12th largest (disclosed) transaction.
  • This is 3M’s 42nd transaction in the United States.
  • This is 3M’s 1st transaction in Illinois.

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M&A Deal Summary

Date June 21, 2012
Target FSTech
Sector Electronics
Buyer(s) 3M
Sellers(s) Federal Signal
Deal Type Divestiture
Deal Value 110M USD

Target Company

FSTech

Illinois, United States
FSTech provides electronic toll collection and parking management hardware and software services.
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Buyer Overview 1

Buyer

3M

St. Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 24.6B USD (2024)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company that produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


Deal Context for Buyer #
Overall 70 of 81
Sector: Electronics 1 of 1
Type: Divestiture 6 of 9
State: Illinois 1 of 1
Country: United States 42 of 51
Year: 2012 2 of 3
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-10 CodeRyte

Bethesda, Maryland, United States

CodeRyte helps physicians and coders deliver fast, accurate and complete coding information immediately through its advanced NLP technology. Its products include CodeAssist, CodeComplete and DataScout.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Ceradyne

Costa Mesa, California, United States

Ceradyne, Inc. engages in the development, manufacture, and marketing of technical ceramics suitable for a number of high-end applications, including the ceramic armored vests used by soldiers.

Buy $860M

Seller Profile 1

SELLER

Federal Signal

Downers Grove, Illinois, United States

Category Company
Founded 1901
Sector Safety/Security
Employees4,700
Revenue 1.9B USD (2024)
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 founded in 1901 and is based in Downers Grove, Illinois.


Deal Context for Seller #
Overall 1 of 2
Sector: Electronics 1 of 1
Type: Divestiture 1 of 2
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-06 PIPS Technology

Knoxville, Tennessee, United States

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

Buy $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 Bronto Skylift Oy Ab

Tampere, Finland

Bronto Skylift Oy Ab is a designer, manufacturer and marketer of truck mounted hydraulic platforms for rescue and firefighting as well as for construction work.

Sell €80M