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Vienna International Technology Industry News

S&T Restructuring: Agreement with Banks Concluded

Detailed negotiations with banks were successfully concluded by the Austrian software company.

February 23, 2011

Knill Group Builds Factory in Russia for € 50m

The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.

February 20, 2011

Kapsch: In-sourcing from China to Austria

The Viennese Kapsch CarrierCom brings the production of GSM systems from China back to Austria.

February 19, 2011

AE&E Quota only 5%

The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.

February 17, 2011

Still Losses at Brain Force

The Austrian IT provider announces massively declining operating results in the first quarter 2010/11. Sales decreased by 19%.

February 17, 2011

Andritz Expands into Brazil and Uruguay

The Austrian technology group to supply major equipment for Belo Monte hydropower plant. Furthermore, Andritz is in negotiations with Montes del Plata.

February 15, 2011

Technology Offensive in Carinthia

Very powerful R&D developments are to be observed in Carinthia: expenditure for R&D rose from 0.42% in 1993 to 2.43% according to the latest figures.

February 14, 2011

Kovats Stays On as CEO of A-Tec

The restructuring plan for the insolvent A-Tec has been approved by the shareholders. Due to the lack of an alternative, Kovats stays.

February 12, 2011

Fabasoft: Decrease in Sales and EBIT

The Austrian Fabasoft AG announces preliminary figures for the first nine months of the fiscal year 2010/2011

February 12, 2011

Strong Sales Forecast for BWT

The Austrian water technology specialist counts on large sales growth rates for 2010 and 2011.

February 11, 2011

Eastern Europe Slows Siemens Austria Down

The pre-crisis level has not been reached yet, says CEO Hesoun. Public savings programs prevent the technology company's growth.

February 9, 2011

Kapsch Wins Order in Serbia

The Austrian Kapsch CarrierCom wins another order from Southeastern Europe with DataXtender.

February 9, 2011

Quanmax AG Achieves Record Sales

Sales revenues of the Austrian notebook manufacturer amounted to € 78m in 2010. For 2011, the company expects € 100m.

February 8, 2011

Kapsch and Google Enterprise Enter into a Partnership

Google Enterprise IT provider and Austria's leading ICT service-partner Kapsch BusinessCom will work together in future in cloud computing.

February 3, 2011

Kapsch Gains Contract in South Africa

The Austrian Kapsch TrafficCom AG listed on the Vienna Stock Exchange, has been awarded contracts with a volume of € 17m in South Africa.

February 3, 2011

EFKON Group Wins Major Contract in South Africa

The Austrian EFKON Group has been awarded a contract to install an Intelligent Transportation System on freeways in South Africa.

February 2, 2011

Kapsch TrafficCom Names new CEO for its North American Operations

The Austrian Kapsch TrafficCom AG names Christopher F. Murray President & CEO of Kapsch TrafficCom IVHS effective February 1.

February 2, 2011

Rieder Wins Major Contract in Saudi Arabia

The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia

February 2, 2011

Refunding at S&T Accepted by Banks

The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.

February 1, 2011

Kapsch TrafficCom with First Contract Award in Russia

The Austrian Kapsch TrafficCom AG announces that its Russian subsidiary has been awarded an order to equip traffic crossings.

February 1, 2011

Billions in Investments are Necessary in the Telecommunications Industry

Investments for three to four billion euro are required by the Austrian network technology according to Karim Taga (AD Little).

January 29, 2011

Pankl: Acquisition of US-company

The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%

January 29, 2011

New Order in Poland for Kapsch CarrierCom

Kapsch CarrierCom has won the next large order for the deployment of a digital train radio system.

January 28, 2011

Still Losses at update software AG

update software AG, an Austrian provider of CRM solutions listed on the Frankfurt Stock Exchange, has released its preliminary results for 2010.

January 28, 2011

Strong Sales Growth for DiTech

Net sales for the in-house production PC stores increased by 31% to € 96.2 m. 38.3% of sales are generated online.

January 27, 2011

New Board Member at S&T

The Austrian IT-consulter S&T appoints Michael Lanik as Chief Restructuring Officer.

January 26, 2011

Strong Increase in Sales at AT&S

The Austrian technology group records sales amounting to € 365m in the first nine months 2010, which is a plus of 34%.

January 26, 2011

"Conversations about the Future" between Austrian and Canadian IT companies

The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.

January 22, 2011

Andritz Receives Major order from Brazil

The Austrian technology group supplies equipment for a pulp mill in Eldorado, Brazil.

January 22, 2011

austriamicrosystems Reports Increase in Revenues

austriamicrosystems reports preliminary unaudited financial information for full year and fourth quarter 2010.

January 20, 2011

Major Order for Andritz from Malaysia

The Austrian technology company Andritz receives a major order for new stainless steel plant in Malaysia.

January 19, 2011

Recovery is in Sight for Keba

The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.

January 18, 2011

Imtech Austria has Expansion Plans

The subsidiary of the Dutch Imtech Corporation, located in Linz, wishes to get into Eastern Europe and achieve stronger growth.

January 12, 2011

Optimism at JoWood After Insolvency

The Austrian manufacturer of computer games is convinced of the continuity of the company. There are already interested parties with whom negotiations are being held.

January 10, 2011

S&T announces to withdraw from Germany

The Austrian information technology consulter S&T withdraws from the German market. Hence the German subsidiary „S&T Deutschland GmbH“ will be closed.

January 10, 2011

Management Change at IBM Austria

Tatjana Oppitz is the new Director-General at IBM Austria, replacing Leo Steiner.

January 7, 2011

S&T: New Investors in Sight

S&T, the software company undergoing massive difficulties located in Austria might get an Indian investor soon.

January 7, 2011

SW Umwelttechnik: New Orders Totalling € 6.5m

OMS, the engineering company of the Austrian SW Group, won contracts in Hungary and Romania valuing a total of € 6.5m.

January 5, 2011

R&D: High Activities of Austrian Firms with Foreign Co-Investors

The OECD publishes its Science, Technology and Industry Outlook 2010 for Austria. 23% of R&D expenses are funded from abroad.

January 4, 2011

Splitting-off at IT Service Provider Beko

The shareholders of the Austrian Beko Holding are about to decide a splitting-off of Cross Informatik GmbH. Besides, ownership structure of Beko will change.

December 31, 2010

Profit Warning at S&T

The Q4 data of the Austrian software consulting company show negative operational results.

December 31, 2010

Creditors Wish Kovat´s Retreat

The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.

December 30, 2010

A-Tec: Restructuring Plan Accepted

The survival of the Austrian A-Tec is provisionally secure. An investor has to be found until mid-year.

December 30, 2010

Critical Phase for A-Tec

Next Wednesday the insolvent company’s restructuring plan will be submitted. Afterwards, there will remain two weeks remain for the adoption of the concept.

December 28, 2010

NXP Sells Sound Solutions Business

The major electronic company NXP moves to the Styrian Gratkorn. The former Philips-subsidiary has sold its division for speakers located in Vienna, Austria.

December 26, 2010

BWT Speeds up Investment

BWT, an Austrian leader in water technology, is starting an extensive investment programme into brand and infrastructure.

December 22, 2010

Brain Force Reports Positive Turnaround

Brain Force Holding AG, an Austrian IT services provider, announced its business results for the 2009/10 fiscal year.

December 21, 2010

A-Tec Has to Divest Itself of Holdings

In the course of restructuring, several holdings of the insolvent conglomerate are sold in order to achieve an appropriate quota.

December 20, 2010

Potential of Austria's Creative Industries

Mitterlehner and Leitl: the Austrian creative industry accounts for 60,000 cross-industry jobs and acts as an export driver.

December 20, 2010

A-Tec Quota Too Low for Creditors

The group has not defined an overall quota yet. What is certain, however, is that the current offer will be too low for the creditors.

December 17, 2010