Home News Swarco acquires the APT Group

Swarco acquires the APT Group

by Brian Sims

Austrian traffic technology group Swarco AG has acquired the APT Group of Companies, in a deal signed by Swarco founder and owner Manfred Swarovski and Dermot Murphy of APT Group. The purchase is of 100% of the shares of the APT Group based in Harrow/Middlesex, comprising APT Security Systems, APT Skidata, APT Street Services, APT Technologies, SignPost Solutions and ParkingPal. The parties agreed not to disclose the purchase price. Swarco CEO Cees de Wijs acknowledges the natural fit between the two groups, their products, and their current and prospective target markets:” We have complementary rather than competing products and solutions, and strong synergies in terms of business ethics, culture and corporate dynamics,” he said. Swarco Group CFO Daniel Sieberer, who managed the transaction over the past months, is convinced that the acquisition of APT Group will significantly upgrade Swarco’s position on the UK Traffic Management market.” In particular we will strengthen our parking and electromobility business, which strategically is one of our most important investment focuses.” Dermot Murphy, Chief Executive of the APT Group of Companies, describes the merger as a ‘win-win’ for customers:” Customers will benefit from having an even broader range of products, services and indeed people with whom to work,” he said.” But more than this, the combined resources of both businesses can be focused on researching and developing new products, and bringing those products to market in a more timely fashion in line with customer demands. The two companies will be able to share product development, service, sales and marketing resource. There will be a significantly increased number of field-based resources on hand to support the two companies’ customers nationwide.”

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