Federal ADP was the leading manufacturer of parking
equipment in North America. It was established in 1953 in the United States and
expanded into a global company with several offices in North America and across
the world. It was independently operated but fully-owned subsidiary of a much
larger organization - the Federal Signal Corporation.
Federal ADP developed a wide array of products for parking
facilities – from barrier gates, entry and exit machines, to pay stations and
parking management software. They were
pioneers within the parking industry known for patenting the idea of
“self-parking” which revolutionized the parking and transportation industry.
Federal ADP was acquired by 3M in the fall of 2012 for its
parking division. 3M is a multi-national conglomerate that develops and
manufactures technologies and products spanning across different industries
(electronics, industrial, healthcare, consumer, parking, etc.).
In joining forces with Federal ADP, it was 3M’s goal to
become world leaders in parking, access and revenue control solutions, mainly
in the electronic tolling industry. At that time, the electronic tolling
industry was projected to grow at a staggering rate in order to meet the
demands of maintaining the roads and transportation infrastructure across the
United States. The goal was to combine Federal ADP’s innovations in electronic
tolling and parking management solutions (i.e. electronic tolling, vehicle
identification, license plate recognition, and toll management software) with
3M’s traffic management products to create efficient and effective solutions
for the global parking and transportation industry.
Unfortunately, less than 2 years later, 3M announced that it
was “transitioning out” of its global parking manufacturing division. The
parking operation was reported to be losing money for 3M and Federal ADP did
not meet 3M’s overall business expectations.
In November 2014, 3M officially closed its parking manufacturing
operation. Products were being shipped through Q1 2015 and existing contracts
and warranties were planned to be honored and supported for an additional 2
years.
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