What Is a Federal Corporation?
Established in 1901, Federal Signal Corporation is a global company that manufactures care products. There are four main categories of products: security and alarm products, custom alarm systems, consumable industrial appliances, emergency and environmentally friendly vehicles. The company has special expertise in mergers and acquisitions, and it makes three acquisitions in the United States and abroad a year.
Federal Signal Corporation
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- company name
- Federal Signal Corporation
- Established
- 1901
- Business Scope
- Global Care Product Manufacturing
- Company Type
- Private
- Established in 1901, Federal Signal Corporation is a global company that manufactures care products. There are four main categories of products: security and alarm products, custom alarm systems, consumable industrial appliances, emergency and environmentally friendly vehicles. The company has special expertise in mergers and acquisitions, and it makes three acquisitions in the United States and abroad a year.
- Federal Signal Corporation, whose English name is Federal Signal Corporation, is registered in Delaware, USA, and is headquartered in Chicago, Illinois (IL). The company was founded in 1901. It is a global protection product manufacturing company. Its products fall into the following four categories: security and alarm products, custom alarm systems, consumable industrial appliances, emergency and environmentally friendly vehicles.
- Leading the protection market: From 1985 to 1992, the Federal Signal Company focused its efforts on the small and medium-sized industries with low technological content and pursued the protection market. The competitors in these industries were mainly private companies. Federal Signal Corporation controls the North American fire trucks, street sweepers, industrial vacuum cleaners, alarm systems, signaling systems and communications products markets for urban and industrial users. The company adopts a decentralized organizational structure and firmly implements a "pay-for-performance" system, so that local management can go all out to optimize operations, control the market, and strive for profit.
- Acquisition Capabilities: Federal Signals has expertise in mergers and acquisitions, and it makes three acquisitions a year in the United States and abroad. The company actively absorbs small private companies that sell for less than $ 50 million and keeps up with the trends in acquisitions. The company's acquisition targets enable strong players in the US market to benefit from FedEx's vast distribution network or to provide opportunities to enter new markets. In the international arena, the acquisition of FedEx was aimed at direct competitors who dominated the market.
- Geographical expansion: Since 1992, in many companies, Federal Signal Corporation's market share in the United States has increased from 30% to 50%. The company shifted its expansion strategy from the United States to other parts of the world, and expanded through acquisitions. For example, in 1992, the company acquired a Spanish signal system manufacturer and used it as a springboard to enter other European markets. From 1990 to 1995, Federal Signal Corporation acquired more than 10 companies and established joint ventures or company alliances in the world. Their sales in the international market are the total sales of Federal Signal Corporation and the total sales of Federal Signal Corporation China s share has been rising, from 10% in 1987 to 23% in 1995.