3M buys traffic and parking specialists

3M has acquired two UK traffic firms as part of a $110m deal for the global business of Federal Signal Technologies Group (FSTech).

The group includes two UK-based operations. PIPS is a leading provider of number plate recognition and DCS develops vehicle detection and classification technologies.

PIPS Technology is based in Chandlers Ford, Hampshire and provides advanced number plate recognition systems including ANPR and Image Processing systems and has installations around the UK and across the world.

Diamond Consulting Services (DCS), based in Aylesbury, Buckinghamshire, is the developer of Idris automatic vehicle detection and classification technology.

The companies will form an integral part of 3M’s worldwide Traffic Safety Systems (TSS) business within the 3M Display & Graphics Division.

Business Director for 3M Display & Graphics for the UK and Ireland, Steve Adams said: “We’re delighted to enhance our 3M TSS portfolio of products with the range of leading technologies from FSTech.

"I am confident that this will equip us to develop strong, next generation solutions.

"Governmental and commercial customers in the UK and Ireland and around the world will be able to rely on 3M for integrated parking, toll and public safety solutions.”