Federal signal to expand its specialty vehicle platform by executing agreement to acquire trackless vehicles

Oak brook, ill. , feb. 23, 2023 /prnewswire/ -- federal signal corporation (nyse: fss) (the "company"), a leader in environmental and safety solutions, today announced the signing of a definitive agreement to acquire substantially all the assets and operations of trackless vehicles limited ("trackless"), a leading manufacturer of multi-purpose, municipal sidewalk tractors, for initial cash consideration of c$54 million (approximately us$40 million), subject to post-closing adjustments.
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