Printrak International Inc. said Tuesday it has...

Printrak International Inc. said Tuesday it has reached an agreement to acquire TFP Inc., a Greenville, S.C., supplier of digital mug shot systems, for 1.4 million shares of common stock.

The deal would be valued at nearly $17 million, based on the price of Printrak stock Tuesday. The stock closed at $12.125, up 62.5 cents a share, in Nasdaq trading.

The transaction, which must be approved by TFP shareholders, is expected to be completed by the end of the month. Under the agreement, TFP will retain its name, facilities, management and staff, while operating as a Printrak unit.

Printrak supplies automated fingerprint identification systems.