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

  • Coeval acquired, looking forward to growth
    December 13, 2013
    Specialist vehicle activated sign (VAS) and overhead vehicle detector (OVD) manufacturer Coeval Group has been acquired by QAS Asset Finance. Coeval’s owners, Nick Sharp and Gordon Bell have also announced their retirement after 26 years with the business. Coeval’s new managing director Gary Higgins was previously managing director of the TSEU Group that included Traffic Signals UK and Microsense Systems before they were acquired by Telent in 2008. He believes there are significant market opportunit
    Read More
  • Kapsch’s scalable tolling back office accepts mixed feeds
    September 15, 2014
    Arno Klamminger and Wolfgang Fleischer from Kapsch’s ETC Business Unit outline a new back office solution which addresses the ongoing changes in the road user charging sector. The rapidly increasing scale of some Road User Charging (RUC) schemes, both current and proposed, presents systems developers and manufacturers with significant opportunities in terms of product sales. However, it also presents them with significant challenges - and size is but one part – as at regional, national and international lev
    Read More
  • MaaS will be adopted quicker in Europe than in the US: here’s why
    December 5, 2018
    A new report suggests that MaaS will be implemented more quickly in Europe than in the US – but why should this be? Ben Spencer examines the arguments
    Read More
  • Integrating traffic management and tolling technologies
    April 25, 2013
    Jamie Surkont, head of road safety enforcement with Kapsch, outlines the company’s efforts to set up and align new traffic management business units with its more widely recognised tolling expertise The blurring of ITS applications’ edges brought about by systems’ increasing functionalities will ensure that many of the technologies which we have come to rely on for road and traffic management will find it increasingly difficult to exist or operate within tight market verticals. At the same time, systems man
    Read More

Highlighted Content