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

  • Swarco completes Dynniq Mobility buy
    October 13, 2021
    Less than two weeks ago, Swarco announced the acquisition of Dynniq Mobility, a move being talked about here in Hamburg and one that will have beneficial implications for the ITS industry in Europe
    Read More
  • Tolling industry volunteers help Oklahoma boys find ‘home’
    August 19, 2015
    IBTTA volunteers restore and upgrade facilities at an Oklahoma boys home during its annual Maintenance & Roadway Operations Workshop. Oklahoma receives an average of 55 tornado strikes each year. Some are small; others are huge and violent. All inspire fear. “It sounded like a freight train was headed for my house.” That’s how people often describe the sound they hear just befo
    Read More
  • Fasten your seatbelts: it’s going to be a bumpy ride
    June 26, 2018
    A spat has broken out between two major US transportation organisations over how best to pay for road use: the ATA says tolls are ‘fake funding’ while IBTTA has scorned ‘scare tactics and falsehoods’… Much has been made of the state of US roads: everyone agrees that funding is needed – but who should pay? And how? Chris Spear, president and CEO of American Trucking Associationsm(ATA), believes finance is facing a cliff edge: the Highway Trust Fund (HTF), historically the primary source of federal revenue
    Read More
  • Why are so many US pedestrians dying?
    May 12, 2020
    US pedestrian fatalities are at their highest level since 1988, according to the Governors Highway Safety Association.
    Read More

Highlighted Content