FS Solutions has announced a distribution partnership with
Gerotto Federico S.r.l. of Italy. Under the terms of the agreement, the Gerotto Lombrico remote-controlled mini excavator will be sold and supported by FS Solutions in the United States, and by Joe Johnson Equipment (JJE), a subsidiary of Federal Signal Corporation, in Canada.
ELGIN, Ill. (April 5, 2016) — Federal Signal Corporation’s Environmental Solutions Group has announced its intent to acquire Joe Johnson Equipment (JJE), a leading Canadian-based distributor of maintenance equipment for municipal and industrial markets. The transaction is expected to close by the end of the second quarter of 2016.
STREATOR, Ill. (Feb. 11, 2016) – Vactor Manufacturing and parent company Federal Signal Corporation recently announced the acquisition of Westech Vac Systems, Ltd., a leading provider of rugged, high-quality vacuum truck-mounted solutions.
OAK BROOK, Illinois, February 29, 2016 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, announced today the signing of a definitive agreement to acquire substantially all of the assets and operations of Joe Johnson Equipment (“JJE”), a leading Canadian-based distributor of maintenance equipment for municipal and industrial markets, for initial consideration of C$108 million (approximately U.S. $79 million), subject to post-closing adjustments. In addition, there is a deferred payment of C$8 million and a contingent earn-out payment of up to C$10 million. The transaction is expected to close by the end of the second quarter of 2016. The Company is also in discussions regarding potential acquisition of JJE’s interests in Chile, which is not expected to be material.