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

  • Thales to sell its revenue collection, tolling, car park management business
    November 18, 2016
    International technology company Thales has entered into exclusive negotiations with French private equity firm Latour Capital with a view to divesting its ticketing and revenue collection, road tolling and car park management systems business, in line with the company’s strategy of business portfolio optimisation. With close to 850 employees mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, this business generated sales of US$165 million (€155 mil
    Read More
  • Weigh in Motion gets smarter
    January 4, 2023
    Weigh in Motion technology is at the forefront of protecting road surfaces and helping enforcement activity – but could it also play a key role in the development of Smart Cities?
    Read More
  • Swarco integrated traffic management solutions
    September 25, 2012
    Austria-headquartered Swarco will have a very high visibility at the ITS World Congress in Vienna. The company’s exhibition stand will focus on its integrated solutions capabilities in urban and interurban traffic management, parking and e-mobility and public transport. Swarco’s Omnia all-in-one solution for intelligent traffic management will be on display as will be the company’s solution for energy-efficient intelligent street lighting.
    Read More
  • Reflecting on five years of important ITS progress
    January 7, 2013
    Former head of the ITS Joint Program Office Shelley Row has passed the baton to a new director. Now working as an independent consultant, here she reflects on her five years at the helm of the JPO and what the future may hold for ITS in the US. During a mid-morning in Paris earlier this year, having just landed, I decided to take a trip on the city’s subway (Paris’ underground metro) into the city centre. A family with a small boy – about nine years old – boarded the same train. They were American and we st
    Read More

Highlighted Content