Swarco strengthens position in American ITS market

Austrian traffic technology group Swarco has entered a definitive agreement to acquire California, US-based McCain based, which supplies traffic controllers, cabinets, signals, signs and software for the urban traffic market. The deal, scheduled to close on 31 August 2016, outlines Swarco’s intent to purchase 100% of the shares of the McCain. The parties agreed not to disclose the purchase price. Swarco plans to build upon the McCain brand; founder and owner Manfred Swarovski said they both have comp
August 26, 2016 Read time: 1 min
Austrian traffic technology group 129 Swarco has entered a definitive agreement to acquire California, US-based 772 McCain, which supplies traffic controllers, cabinets, signals, signs and software for the urban traffic market.

The deal, scheduled to close on 31 August 2016, outlines Swarco’s intent to purchase 100% of the shares of the McCain. The parties agreed not to disclose the purchase price.

Swarco plans to build upon the McCain brand; founder and owner Manfred Swarovski said they both have complementary rather than competing products and solutions and strong synergies in terms of business ethics, culture and corporate dynamics.

Jeffrey McCain believes Swarco is the perfect choice to continue McCain’s tradition of outstanding customer service, industry-leading technology solutions, and world-class manufacturing. He says being part of the Swarco Group will offer McCain team members, customers, and distribution partners continuity as well as new opportunities for shared growth and success.
Air Quality & Weather Systems Urban Traffic Control

For more information on companies in this article

Related Content

  • Australia’s Transurban to trial road user charging
    March 27, 2015
    Speaking at a major industry forum, Scott Charlton, CEO of Australian toll roads operator, Transurban, said that the country’s major cities risk a decline in liveability without major investment in transport systems and an overhaul of transport funding model. Charlton said that despite significant progress by state governments traditional funding systems were outdated, unsustainable and unfair, and cannot sustain the funding needed to address Australia’s transport infrastructure deficit. Charlton said it
    Read More
  • Q-Free touts integration of acquired solutions at ITS America
    June 3, 2015
    Q-Free subsidiary Intelight announced today it has named Michael Wieck (left) as its new CEO. Wieck most recently served as CTO of SWARCO Traffic Americas and brings a diverse ITS background that has spanned 20 years. “I’m extremely pleased to have Michael take on the role of leading the company. His competence and experience will improve our ability to capture an increasing proportion of a growing market,” said Intelight founder Craig Gardner (right) who will continue as president.
    Read More
  • India to invest in transportation to boost urban economies
    November 13, 2012
    Grand plans have been announced for transport investment in India aimed at boosting city economies. India’s Government Secretary for Urban Development Sudhir Krishna explains all to Jason Barnes. There are many reasons for developed countries’ high levels of urbanisation, not least of which is that the types of employment to be found in towns and cities tend to generate relatively greater wealth and so make greater contributions to a country’s economy. That creates the imperative for developing nations to f
    Read More
  • The need to accelerate systems standardisation
    January 31, 2012
    While the US has achieved an appreciable level of success when it comes to implementation of standards-based systems at the urban and intersection control levels, the overall standards implementation effort is not progressing at anywhere near a level commensurate with the size of the country and its population, says Christy Peebles, business unit manager with Siemens Industry, Inc.'s Mobility Division. She attributes the situation to a number of factors: "There's a big element of 'Not Invented Here' syndro
    Read More

Highlighted Content