Federal Signal Combines Businesses

Security systems maker said it will combine three recently acquired businesses and two older units into a new division.

OAK BROOK, Ill. (AP) -- Security systems maker Federal Signal Corp. said Tuesday it will combine three recently acquired businesses and two older units into a new division.

The company said it will combine Sirit, VESystems and Diamond Consulting, which it bought over the last few months, with its PIPS Technology and Federal Automated Parking Division.

The combined business will be called Federal Signal Technologies Group.

Federal Signal said Manfred Rietsch, the former CEO of VESystems, will be president of the new group.

Earlier this month, Federal Signal acquired Sirit, a Canadian company that provides radio frequency identification technology, and VESystems, which provides management systems and services for the electronic toll collection industry. Federal Signal bought Diamond Consulting in December. That company makes automatic vehicle detection and classification technology.

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