Federal Signal Announces $396 Million Acquisition of New Way Trucks

Deep News
09/25

Federal Signal (FSS) shares gained 1.2% in early Thursday trading following the company's announcement of its $396 million acquisition of New Way Trucks, with additional payments for manufacturing facilities. The acquisition is expected to have a neutral impact on 2026 earnings per share but will generate accretive effects in subsequent years, with anticipated annual synergies of $15 million to $20 million by 2028.

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