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

  • Peer-to-peer car sharing expected to become the next big thing in the market
    October 22, 2013
    Frost & Sullivan’s recent customer research study on car sharing in select European cities reveals that the market is fast gaining ground. Residents in a number of cities in France, Germany as well as in the UK are currently multi-modal transport users. While only one out of four claim familiarity with the car sharing concept, once familiar, the interest levels in these services zip to 38 per cent.
    Read More
  • Ertico coordinates big data debate
    November 2, 2016
    David Crawford finds that agreeing a common data standard for auto manufacturers’ onboard sensors, navigation system companies and map makers is proving a complex task.
    Read More
  • FLIPPER - improving the provision of flexible transport services
    February 2, 2012
    John Nelson and Brian Masson, Centre for Transport Research, University of Aberdeen, UK, describe the FLIPPER initiative which is intended to improve the provision of flexible transport services
    Read More
  • ITS needs continuity at the policy-making level
    February 1, 2012
    ITS needs to be sold to politicians in plainer terms and we need to be encouraging greater continuity at the policy-making level says Josef Czako, chairman of the IRF's Policy Committee on ITS. At the ITS World Congress in New York in 2008, the International Road Federation (IRF) held the inaugural meeting of its Policy Committee on ITS. The Policy Committee's formation, says its chairman, Kapsch's Josef Czako, reflects an ongoing concern over the lack of deployment of ITS technology on roads in anything li
    Read More

Highlighted Content