Swarco Traffic Americas has acquired the parking business unit from McCain for an undisclosed sum. This business uses LED signs, single space indicators and software to provide real-time information to motorists and parking operators. The purchase of McCain’s parking guidance system will allow Swarco Traffic Americas to broaden its product offering in the US. Swarco is already a major player in Europe and this deal strengthens its international position. The move boosts Swarco’s range of technology as McCai
May 13, 2013
Read time: 2 mins
337 Swarco Traffic Americas has acquired the parking business unit from 5198 McCain for an undisclosed sum. This business uses LED signs, single space indicators and software to provide real-time information to motorists and parking operators. The purchase of McCain’s parking guidance system will allow Swarco Traffic Americas to broaden its product offering in the US. Swarco is already a major player in Europe and this deal strengthens its international position. The move boosts Swarco’s range of technology as McCain is a trusted name in the US Intelligent Transportation Systems (ITS) market and a well-established manufacturer of quality equipment. The parking guidance technology manufactured by McCain monitor occupancy of parking areas and guides drivers using LED variable message signs that display availability in each lot or each level of the structure. Inside the parking structure, directional lane lights and individual bay indicators guide cars to the nearest vacant space. Every parking solution is customised to match the individual customer needs in a variety of applications. Parking guidance systems help improve traffic flow, reduce emissions, increase parking revenues and improve overall customer experience. Most importantly, accurate data and monitoring capabilities allow operators to better manage their facilities.
