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Federal Signal Corporation Announces Completion of Sale of Bronto Skylift

OAK BROOK, Ill., Jan. 29, 2016 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today completed the sale of its Bronto Skylift business to Morita Holdings Corporation (TYO:6455), as previously announced on December 11, 2015. 

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Federal Signal Corporation Announces Agreement to Sell Bronto Skylift

Oak Brook, Illinois, December 11, 2015 ‒ Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today announced that it has signed a definitive agreement to sell its Bronto Skylift business to Morita Holdings Corporation (TYO: 6455) for €80 million in cash (or approximately $88 million), subject to post-closing adjustments.  The transaction is subject to customary closing conditions and is expected to be completed during the first quarter of 2016. Bronto is currently the only remaining operation in Federal Signal’s Fire Rescue Group.

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