Federal Signal Corporation acquired Trackless Vehicles (Trackless Vehicles Limited / Trackless Vehicles Asset Corp / Work Equipment Ltd.) for C$54.0 million (~US$40.0 million) initial, plus contingent earn-out of up to C$6.0 million (~US$4.4 million), a transaction announced in April 2023.
Acquired the leading Canadian manufacturer of off-road, multi-purpose maintenance vehicles and attachments, extending the Company's specialty-vehicle portfolio into all-season municipal/infrastructure equipment.
Acquired the leading Canadian manufacturer of off-road, multi-purpose maintenance vehicles and attachments, extending the Company's specialty-vehicle portfolio into all-season municipal/infrastructure equipment.
Advisory firms were not disclosed for this transaction.