Swarco acquires German glass bead manufacturer

Swarco has acquired German-based manufacturer Vialux Glasperlen and will use its glass beads to make road markings more visible at night, particularly on wet roads. Swarco has now obtained 100% shares in Vialux in a deal which it says will strengthen its glass bead portfolio. Philipp Swarovski, Swarco’s chief operating officer, says the agreement will allow Swarco to offer its customers even greater road safety. Daniel Sieberer, board member of Swarco and chief financial officer of the group, sa
September 28, 2018 Read time: 1 min
129 Swarco has acquired German-based manufacturer Vialux Glasperlen and will use its glass beads to make road markings more visible at night, particularly on wet roads.


Swarco has now obtained 100% shares in Vialux in a deal which it says will strengthen its glass bead portfolio. Philipp Swarovski, Swarco’s chief operating officer, says the agreement will allow Swarco to offer its customers even greater road safety.

Daniel Sieberer, board member of Swarco and chief financial officer of the group, says: “The customers of both Swarco and Vialux will benefit from the transaction. The merger offers the world market great technical and economic potential in terms of road safety.”

Thomas Pilkenroth, managing director of Vialux, says: "We are convinced that, as part of Swarco's high-tech family, we will accelerate our growth and technological development.”

UTC

Related Content

  • August 6, 2019
    ITS European Congress: safer and cleaner mobility
    Smart mobility and the increasing digitalisation of transport were among the main themes of this year’s ITS European Congress in the Netherlands. Ben Spencer picks some highlights from conference sessions which considered possible future developments Navigating between the Evoluon conference centre - a former science museum that resembles a giant-sized UFO - and an automotive campus, there was a lot to see at the 13th ITS European Congress in Brainport, Eindhoven. Organised by Ertico – ITS Europe and th
    Read More
  • January 27, 2012
    Schneider Electric to acquire Telvent for $2 billion
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
    Read More
  • June 20, 2012
    Study shows road markings deliver cost-effective road safety
    Road markings are among the most cost-effective solutions to make roads safer. A recent study carried out for the American Glass Bead Manufacturer’s Association quantifies by just how much Despite only making up 23% of the US mileage, fatalities on America’s rural two-lane highways made up 57% of all traffic fatalities in 2009 — resulting in more than $77Bn in losses for that year alone. Moreover, a rural motorist is 2.7 times more likely to be involved in a fatal crash per mile travelled than their urban
    Read More
  • September 19, 2017
    Michigan fosters real-world testing of workzone ITS
    Turning a ‘problem’ into ‘an opportunity’ is the mantra of just about every business book and Michigan Department of Transportation (MDoT) looks set to achieve that aim in Oakland County, where 29km (18 miles) of the I-75 needs to be reconstructed. Running north-northwest from Detroit, the I-75 carries around 170,000 vehicles per day but, being built in the 1970s, it now requires an additional lane in each direction and upgrading to the latest design and safety standards. Upgrading will be carried out in
    Read More

Highlighted Content