The Rising Influence of Rising Affluence

[DewDiligence]

3M acquires the electronic-toll-collection business from Federal Signal Corp for $110M in cash:

http://finance.yahoo.com/news/3m-acquire-business-federal-signal-120300966.html

The fast-growing $3 billion electronic tolling industry is projected to grow at a rate greater than 12 percent per year as government agencies increasingly rely on tolling to fund roadway infrastructure, construction and maintenance. FSTech’s solutions for electronic tolling, vehicle identification and classification, toll management software, license plate recognition, and parking lot fare collection systems, combined with 3M’s traffic management solutions, will advance the tolling and parking industry enabling seamless fare collection wherever motorists drive.