SWARCO expands with bead maker acquisition | Smart Highways Magazine: Industry News

SWARCO expands with bead maker acquisition

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SWARCO has acquired the high-quality glass bead manufacturer VIALUX Glasperlen, and will use the beads to incorporate into road markings, making them move visible at night, particularly on wet roads.

On 25 September 2018, SWARCO acquired 100% of the shares in the German company, which sees the new owners as a “driving force for technical development and growth”

“With immediate effect, the Austrian road safety and intelligent traffic management technology group SWARCO is offering its customers even greater road safety,” says a delighted SWARCO COO Philipp Swarovski.

“Since the company was founded by my father Manfred in 1969, SWARCO has dedicated itself to producing the best reflective glass beads in our industry,” added Swarovski, stressing the technical and cultural significance of the acquisition for the technology group’s core business. “Vialux’s commitment to product quality and customer service is a perfect complement to SWARCO. Our values are also very much in harmony. We are delighted to welcome Vialux employees to our international extended family,” added Philipp Swarovski.

“The acquisition of Vialux is a strategic step towards strengthening our global glass bead business portfolio,” commented Daniel Sieberer, board member of SWARCO. The CFO of the Group emphasises, “The customers of both SWARCO and Vialux will benefit from the transaction. The merger offers the world market great technical and economic potential in terms of road safety.”

“On behalf of my dedicated team, I would like to warmly welcome the new owners,” says Thomas Pilkenroth, Managing Director of Vialux Glasperlen GmbH. “We are convinced that, as part of SWARCO’s high-tech family, we will accelerate our growth and technological development,” explains Pilkenroth, delighted with “a win-win solution for everyone: the market, our customers, Vialux and SWARCO”.

Picture shows: Daniel Sieberer (CFO SWARCO AG), Philipp Swarovski (COO Road Marking Systems SWARCO AG), Remko Jager (Managing Partner Gilde Equity Management (GEM) Benelux who handled the transaction) and Konstantin Schober (Mergers & Acquisitions SWARCO AG)

 

 
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