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.
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.
