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

  • Pivot Power: 'We need to rethink the EV customer experience'
    October 10, 2018
    Electric vehicles will increasingly become a key part of the mobility mix but charging infrastructure is currently patchy. Adam Hill talks to Matt Allen of Pivot Power about disruption, horses, slot machines – and the importance of customer experience. Electric vehicles (EVs) – including buses, taxis and cars for individual and shared use – are already a common sight on our roads. They are not yet ubiquitous. But that will come. There will be around 30 million electric cars in the world by 2030 (as they
    Read More
  • Geotab telematics solution surpasses one million subscribers
    February 27, 2018
    Canada-based Telematics provider Geotab has reached its goal of achieving one million connected vehicles built on a single platform with an average of 116% annual subscriber growth over the last ten years. The increase, according to Neil Cawse, CEO at Geotab, now supports over 21, 000 business, 300, 000 users and 1, 000, 000 vehicles globally by focusing on sustainability, scalability, reliability and security. The company focuses on enabling business growth with access to data from vehicles that help
    Read More
  • State of the art ITS technology for Doha tunnel management system
    January 31, 2012
    Husam Musharbash, Traffic Tech Group, talks about tunnel management system implementation on the new route between Doha and the soon-to-open New Doha International Airport. The new Ras Abu Aboud Tunnel in Qatar, which opened to traffic in January of this year, will serve the New Doha International Airport once the latter opens in 2011.
    Read More
  • Making connections without compromising security
    November 10, 2017
    We listen in as global experts discuss connected vehicles and cybersecurity. By 2019 there will be almost 44 million connected cars globally and by 2022 that figure will be nearer 70 million; some 40% will be electric powered, according to market analyst Frost & Sullivan. But its report said the issue of end-to-end security for the new technology is still under debate, as vehicle OEMs engage with vendors to test specific security application areas for both over-the-air and vehicle-to-exterior services.
    Read More

Highlighted Content