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

  • Kapsch looks to the future
    December 16, 2014
    Colin Sowman reports from a two-day meeting where industry leaders, academics and political advisers presented their thoughts on the future of mobility. Most governments do not dare to introduce tolling systems… they are too frightened.” So said Georg Kapsch in his capacity of chief operating officer of Kapsch TrafficCom, during a forward-looking press event at the company’s headquarters in Vienna.
    Read More
  • Small toll agency adopts big city thinking
    December 5, 2014
    Andrew Bardin Williams looks at a novel option for new toll road authorities. While somewhat politically controversial, outsourcing has gained traction in the business world as a model worth investigating for its efficiency and cost saving benefits. Lean start-ups tend to employ independent contractors instead of full-time employees in an effort to remain flexible and avoid costs associated with pensions, retirement places, health insurance, office space and benefit packages.
    Read More
  • Authorities look to MaaS for new solutions and cost savings
    July 18, 2017
    The structure of society and the way in which our cities work will be completely transformed by Mobility as a Service (MaaS), Finland’s minister of transport and communications Anne Berner, told ITS International’s recent MaaS Market conference 2017 in London. In her keynote address, Berner told a packed audience of more than 200 ITS professionals that MaaS has the potential to help governments around the world meet their big city targets such as the rate of employment, the environment, the efficient use of
    Read More
  • CoMotion LA Live 2020: report
    November 30, 2020
    November’s CoMotion LA Live event looked at new technology, emerging partnerships – and how Joe Biden’s ‘super-commuter’ status might just stand future mobility in good stead
    Read More

Highlighted Content