The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

westechvac.com

Stage

Acquired | Acquired

About Westech Vac Systems

Westech Vac Systems is a manufacturer and seller of new and used Hydrovac trucks.

Westech Vac Systems Headquarter Location

1002 - 15 Avenue

Nisku, Alberta, T9E 7S5,

Canada

780-955-3030

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Westech Vac Systems News

Federal Signal Corporation Announces Westech Acquisition

Dec 22, 2015

Top 4 Small-Cap Stocks In The Pollution & Treatment Controls Industry With The Highest Operating Margin Federal Signal Corporation (NYSE: FSS ), a leader in environmental and safety solutions, today announced that it has signed a definitive agreement to purchase Westech Vac Systems, Ltd. ("Westech"), a Canadian manufacturer of high-quality, rugged vacuum trucks. Federal Signal will acquire 100% of the stock of Westech from Advance Engineered Products Ltd., which was acquired out of bankruptcy during 2015. The transaction will be funded in cash and is expected to close in January 2016. Westech products are designed for extreme environmental conditions and are certified to Transport Canada safe-transportation standards, which are comparable to U.S. Department of Transportation ("DOT") standards. "Although this acquisition is not significant in size, Westech offers Federal Signal an effective and efficient entry into a new line of DOT product offerings," said Jennifer L. Sherman, Federal Signal's incoming Chief Executive Officer. "We have been impressed with the quality of Westech's people, products and potential. We expect it to be the first in a series of acquisitions, and it fits our strategy of acquiring capabilities that our core businesses can build upon. " "This transaction provides technology and know-how that we can leverage in both the Canadian and U.S. markets, and Westech's strong brand will complement our existing industry-leading Vactor and Guzzler brands," added Samuel E. Miceli, senior vice president of Federal Signal's Environmental Solutions Group. "Westech's commitment to quality products that have lasting value, and its focus on responsive post-sales service, fit our culture and our strategies. We want to welcome the Westech team to Federal Signal. " Federal Signal expects the acquisition to contribute revenues of approximately CAD$10 million in 2016 and to be accretive by 2017. After closing of the transaction, Westech will continue to operate in Nisku, Alberta, Canada as part of Federal Signal's Environmental Solutions Group. For more information about Westech, visit: http://www.westechvac.com . © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.  

  • Where is Westech Vac Systems's headquarters?

    Westech Vac Systems's headquarters is located at 1002 - 15 Avenue, Nisku.

  • What is Westech Vac Systems's latest funding round?

    Westech Vac Systems's latest funding round is Acquired.

  • Who are the investors of Westech Vac Systems?

    Investors of Westech Vac Systems include Federal Signal Corp..

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.