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

  • Creative finance enables parking progress in LA
    March 15, 2016
    David Crawford investigates an innovative public/private partnership. Los Angeles entered the second decade of the 21st century facing major challenges to its parking operations. With a population of 3.8 million, and its car-oriented culture still predominant, the city's parking meters were technically outdated - with most only accepting coins and many regularly out of service - resulting in a substantial loss of revenue. This coincided with a number of Californian cities looking to parking income to boost
    Read More
  • Smart parking key to sustainable urban mobility
    April 26, 2013
    Smart parking looks like a market poised to take off in the US. It could bring many benefits, not just for parking facility operators and their customers but also for society as a whole. Steven Bayless, senior director, telecommunications and telematics at ITS America, looks at some of the opportunities and challenges involved. Parking is an estimated $24-25 billion industry in the US and although highly fragmented, it is experiencing a growing trend towards consolidation and outsourcing of parking operatio
    Read More
  • Econolite and Sensys Networks expand collaboration
    April 7, 2015
    Econolite and Sensys Networks have expanded their current sales and distribution agreement to offer customers in more regions new options for ITS. As part of the contract, Econolite will private-label and offer the Sensys Networks wireless vehicle detection system, including in-ground vehicle and bicycle detection sensors, software and accessories in select North American markets. The expanded agreement will provide more of Econolite’s customers with a turn-key integrated in-ground vehicle detection solutio
    Read More
  • PTV sets its sights on Smart City solutions
    February 9, 2017
    Making a city smarter not only relies on understand technological opportunities but also human decision-making, as Miller Crockart explains. Cities are about people – a fact that can easily be forgotten when experts talk about roads, healthcare and education as though they are abstract and unconnected monoliths rather than things people use. Understanding how and why people use services is vital for making decisions on how they can be optimised for maximum efficiency across inter-connected networks that for
    Read More

Highlighted Content