Swarco founder Manfred Swarovski dies

Manfred Swarovski, founder and CEO of Swarco, has passed away at the age of 77. The company’s executive board confirmed that he died on 13 May. Swarco says it has lost a mastermind who managed to bring his group of companies to world renown in the field of road safety and intelligent traffic management over nearly half a century. The company expressed condolences to Swarovski’s wife Elisabeth, sons Alexander, Philipp and Manfred, and to his brothers and sisters. Swarovski had planned his succession by
May 15, 2018 Read time: 2 mins

Manfred Swarovski, founder and CEO of 129 Swarco, has passed away at the age of 77. The company’s executive board confirmed that he died on 13 May.

Swarco says it has lost a mastermind who managed to bring his group of companies to world renown in the field of road safety and intelligent traffic management over nearly half a century.

The company expressed condolences to Swarovski’s wife Elisabeth, sons Alexander, Philipp and Manfred, and to his brothers and sisters.

Swarovski had planned his succession by handing over his responsibilities to executive board members over the past few years. They will run the company operationally in close alignment with the supervisory board, Swarco said.

The company started in 1969 in Austria with a small factory producing reflective glass beads. Today, the international traffic technology organisation employs 3,700 people and generates annual revenue of €675m.

For more information on companies in this article

Related Content

  • IBTTA: ‘The only way to keep up is to stay ahead’
    March 4, 2019
    The focus of the IBTTA’s Annual Technology Summit is changing. The tolling organisation’s Bill Cramer explains why this is good news for ITS professionals looking to embrace new technologies For a decade or more, the technology summits hosted by the International Bridge, Tunnel and Turnpike Association (IBTTA) have helped drive the tolling industry’s embrace of the systems, services and breakthrough concepts that are building a 21st century transportation sector. Now, the summit itself is adjusting its
    Read More
  • GridMatrix goes back to the future in New York City
    September 25, 2023
    Legacy traffic management infrastructure doesn’t have to be a marker of the past: software upgrades can bring it into the present in a cost-effective and timely way, says Gordon Feller
    Read More
  • Copenhagen to showcase ITS in action at ITSWC 2018
    December 18, 2017
    As delegates head for the 2017 ITS World Congress in Montreal, we talk to Copenhagen mayor Morten Kabell about why his city is the ideal location for next year’s event. It may have been a long time coming but the ITS World Congress will be in Copenhagen in 2018 and there can be few more fitting places to host the event. By any number of metrics - interconnected transport, cycle commuting, safer streets, reduced pollution, sustainable energy and quality of life - the Danish capital has implemented what m
    Read More
  • FCA/PSA merger will ‘advance sustainable mobility’
    November 7, 2019
    Italian automaker Fiat Chrysler Automobiles (FCA) is merging with Peugeot owner Groupe PSA in a move that will combine their capabilities in sustainable mobility. FCA is to incorporate its technologies with the French manufacturer in areas such as electrified powertrain, autonomous driving and digital connectivity. FCA says the merger will generate revenues of €170 billion, an operating profit of more than €11bn and savings of €3.7bn without any factory closures. The deal would also unite the co
    Read More

Highlighted Content