Read the latest headlines about developments in the international technology industry in Vienna and Austria
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Vienna International Technology Industry News

Kovats Blames Creditors and Penta

Mirko Kovats, CEO of the A-Tec group, makes the Czech investment group Penta and the banks responsible for the failed restructuring plan

October 4, 2011

Cooperation Between Kapsch and Asfinag Extended

Austrian Kapsch TrafficCom and Asfinag Mautservice GmbH set out a framework agreement on the operations and maintenance contract for the nationwide electronic truck toll collection system in Austria until the end of 2018.

October 4, 2011

Funding Situation for S&T Secured

The Austrian IT-company could successfully conclude an agreement on capital increase and debt relief of banks.

October 4, 2011

Potential for Austrian Suppliers in Spain

The Austrian AWO started a market exploration journey to Spain in order to create first business contacts. In the first term of 2011, exports to Spain grew by 6.6%.

October 3, 2011

Dispute Over A-Tec´s Liquidation

After the Sale of the insolvent Austrian A-Tec has failed, the subsidiaries will be sold separately. Austrian politicians warn of the loss of jobs, technology and tax revenue.

October 3, 2011

Dutch Imtech Acquires Austrian Comnet

The Dutch Imtech (technical services provider in Europe) announces that it acquires the Austrian ICT company Comnet. This acquisition will strengthen Imtech’s position in the Austrian ICT market.

October 3, 2011

A-Tec to be Dissolved

The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.

October 1, 2011

Kresta Takes Over Swiss Buss ChemTech

The newly acquired company will become the technology center of the Austrian plant building company.

September 30, 2011

Andritz Not Affected by Belo Monte Construction Stop

The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.

September 29, 2011

A-Tec: Kovats Cancels Sale to Contor

The Austrian conglomerate needs another € 90m in order to fulfill the restructuring plan. A new general meeting will be held.

September 28, 2011

Sale of A-Tec on the Brink of Failure

The Supervisory Board of the insolvent technology group wants to take up negotiations with Penta Investments again after a Pakistani investor pulled out of the deal.

September 22, 2011

A-Tec Sale: Penta Sues

The Czech-Slovak investment consortium Penta, which made a bid in the A-Tec sale, sues against the award for the competitor Contor Industries.

September 20, 2011

Serbia as Growth Market for Denkstatt

The Vienna-based environment consulting group Denkstatt intends to gain a foothold in Serbia.

September 19, 2011

New Job for Former Finance Minister Pröll

Siemens Austria reduces the size of its Executive Board and appoints the former politician to its Supervisory Board.

September 9, 2011

Emporia Hires Boris Nemsic as Advisor

The telecom expert was appointed to the advisory board of the Upper Austrian manufacturer of mobile phones for elderly people.

September 8, 2011

Emporia has Expansion Plans

The Austrian manufacturer of mobile phones for elderly persons intends to enter the US and the Russian market.

September 5, 2011

S&T Signs Partnership with Quanmax

A Term sheet on investor participation between the two Austrian IT-companies has been signed.

September 5, 2011

A-Tec: Kovats to Step Back by Year-End

The CEO of the insolvent Austrian group wants to finalize the deal with an investor before resigning from his position. Negotiations with Penta have been suspended.

September 1, 2011

Fabasoft: Decline in EBIT despite Sales Growth

The Austrian software company recorded mixed results in the first quarter of its fiscal year. Revenue increased by 4.2%, EBIT turned negative and amounted to € -152,000.

August 31, 2011

Austrian paysafecard Group Acquires Dutch Competitor Wallie

The Austrian provider of prepaid payment methods expands its international market leadership. The company now operates in 28 countries.

August 24, 2011

Kovats with New Plans for A-Tec

According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.

August 24, 2011

Significant Drop in Revenue for SW Umwelttechnik

The Austrian technology company recorded mixed results in a challenging market environment. Revenue dropped 7%, EBIT improved but remained negative at € -1.7m.

August 24, 2011

Sharp Increase in Revenue and Profit for Kapsch TrafficCom

Revenues of the Austrian technology company doubled to € 134.7m in the first quarter of FY 2011/12. EBIT increased from € 4.8m to € 22.2m.

August 22, 2011

Declining Revenue for Brain Force

The Austrian IT service provider recorded a drop in revenue of 3% in the third quarter of the fiscal year. Operating EBIT turned positive from € -0.41m to € 0.35m.

August 18, 2011

Efkon Receives Further Major Order in South Africa

The subsidiary of Austrian construction group Strabag has been awarded an € 11m contract for supply and maintenance of toll plazas.

August 18, 2011

Further Delay in Sale of A-Tec

The group’s supervisory board has asked for expert advice on the sales process. A decision might be taken at the end of August.

August 18, 2011

Positive Half-Year Results for A-Tec

The Austrian conglomerate achieved a net profit of € 24.6m in the first six months of the year. Revenue increased by 15.8%.

August 11, 2011

Sale of A-Tec Imminent – Mirko Kovats Attacks Politicians and Banks

The Austrian conglomerate’s negotiations with investors are about to be concluded. CEO Kovats criticized banks for being “no help in securing jobs”.

August 11, 2011

S&T Deeper in the Red

The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.

August 10, 2011

Andritz: Favorable Business Development in Second Quarter 2011

The Austrian technology group showed a good business development in the second quarter of 2011 and increased all relevant key figures compared to last year’s reference period.

August 9, 2011

Zhengzhou Acquires Plant in Upper Austria

The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.

August 9, 2011

BWT’s Results Better than Expected

Net earnings of the Austrian water technology company declined from € 9.0m to € 7.2m. Analysts expected € 6.3m.

August 5, 2011

Kapsch CarrierCom Wins Order in Czech Republic

The Austrian technology company was chosen as general contractor for the GSM-R technology in the Czech Republic. The order value is € 20m.

August 3, 2011

SW Umwelttechnik Secured Mid-Term Financing

The Austrian technology company reached an agreement to delay bank loan repayments until 2012. € 60m were invested in plant modernizations between 2005 and 2008.

August 1, 2011

Penta Is Extending Offer for A-Tec

The Czech-Slovak investment group has affirmed its interest in a takeover of the Austrian conglomerate and extended the validity of its offer.

July 28, 2011

Kapsch TrafficCom Wins Order in Portugal

The Austrian technology company takes over installation, technical operation and maintenance of an electronic toll collection system.

July 26, 2011

austriamicrosystems with Improved Results in the First Half of 2011

The Austrian microelectronics and semiconductor manufacturer increased revenues by 18%. EBIT went up from € 8.4m to € 15.8m.

July 25, 2011

Kapsch TrafficCom Awarded Major Contract in the U.S.

The American subsidiary of the Austrian technology group won a ten-year contract for the operations of an electronic toll collection system in 14 states.

July 22, 2011

austriamicrosystems to Be Included in SIX Swiss Exchange’s SPI Middle Index Basket

Inclusion of the Austrian microelectronics and semiconductor manufacturer in the SPI Middle index basket becomes effective September 19, 2011.

July 21, 2011

Blue Chip Energy Filed for Insolvency

The solar cell producer has abandoned production today. Asian investors are said to be interested in an acquisition of the Burgenland-based company.

July 21, 2011

House Searches at A-Tec’s Management

Serious allegations have been made against Board Members of the Austrian conglomerate which is currently negotiating with potential investors. Eight houses have been searched.

July 20, 2011

update software AG Returns to Profitability

The Austrian software company, which is listed on the Frankfurt Stock Exchange, is on its way back to black figures. Sales went up 29.2% in the second quarter, EBIT improved to positive earnings of € 0.2m.

July 20, 2011

Declining Profit for AT&S in the First Quarter

The Austrian technology company had a difficult start into the financial year. EBIT more than halved to € 4.4m. Nonetheless, the outlook has been confirmed.

July 20, 2011

SensorDynamics Acquired by Maxim

The Styrian semiconductor company was sold to Nasdaq-listed Maxim Integrated Products. The American group will pay approximately $ 130m (€ 92.3m).

July 19, 2011

A-Tec: Kovats Wants to Stay on Board

CEO Mirko Kovats does not want to give up control over the Austrian conglomerate. He is trying to push through a sale to his favorite bidder which would give him a role in the group.

July 15, 2011

Austrian High Q Technologies Sold to US Company

The Austrian manufacturer of lasers is acquired by Californian Newport, a global supplier of advanced products and solutions in several technology fields.

July 14, 2011

Green Tech Industry as an Important Factor in the Styrian Economy

The Styrian green tech cluster has grown twice as fast as the global market over the last five years. More than 5,500 new jobs have been created.

July 13, 2011

austriamicrosystems Collaborates with Japanese F-Brain

The Austrian microelectronics and semiconductor manufacturer entered into a collaboration with F-Brain to serve Foundry customers on backend test solutions in Japan.

July 12, 2011

Austrian dynaTrace Acquired by US Company

The global technology leader in APM solutions has been taken over by American Compuware. The transaction price amounts to $ 256m.

July 11, 2011

AT&S Confirms Outlook

The Austrian technology company reported a successful business year 2010/11 in its Annual General Meeting and increased its dividend pay-out significantly.

July 7, 2011