Federal Signal To Sell Its Bronto Skylift Business - Quick Facts

(RTTNews) - Federal Signal Corp. (FSS) announced it has signed a definitive agreement to sell its Bronto Skylift business to Morita Holdings Corp. for 80 million euros in cash. Bronto is currently the only remaining operation in Federal Signal's Fire Rescue Group. Upon completion of the transaction, Federal Signal will no longer operate the Fire Rescue Group.

Jennifer Sherman, Federal Signal's incoming CEO, said: "The sale of Bronto will allow us to focus on our core businesses as we pursue strategic acquisition opportunities and redeploy our capital more effectively."