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Vienna International Technology Industry News
Read the latest headlines about developments in the international technology industry in Vienna and Austria
KapschTrafficCom to Gain Order from Russia
The Austrian toll collect system supplier expects final announcement on the award of a Russian contract in two weeks.
December 5, 2011
Ambitious Restructuring Plans for S&T
After serious troubles in 2010 and 2011, the Viennese software consulter should leave the red zone next year. The new CEO, Hannes Niederhauser, is cautiously optimistic.
December 5, 2011
Andritz Receives Major Order for Power Station in Portugal
The Austrian technology group was awarded an order for the supply and erection of the complete electromechanical equipment for the pumped storage project Foz Tua.
November 25, 2011
S&T Realizes Capital Increase and Investor Participation
Quanmax AG and grosso holding are new majority shareholders of the Austrian IT consulting company, which is planning to return to profitability in three phases.
November 24, 2011
Drop in Revenue for SW Umwelttechnik
The Austrian technology group was particularly burdened by a decrease in quantities in Hungary. The loss on ordinary activities doubled from € -1.6m to € -3.3m.
November 23, 2011
Kapsch TrafficCom Reports Strong Growth
Revenues of the Austrian toll system supplier increased by 90%, EBIT more than doubled in the first half of the fiscal year 2011/12.
November 23, 2011
Strong Results for Pankl Racing Systems
The Austrian supplier of racing and aerospace systems could improve revenues, earnings as well as profits significantly.
November 21, 2011
Binder+Co Reports Strong Rise in Sales and Orders
Binder & Co, an Austrian supplier of environmental and packaging technology completed Q1–3/2011 with marked increases in both sales revenues and EBIT.
November 16, 2011
Strabag Subsidiary Wins Contracts in India
EFKON, an Austrian supplier of toll systems has been awarded for contracts in India worth € 6.5m.
November 16, 2011
Brain Force Announces Turnaround
The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.
November 15, 2011
Bombardier Considers to Leave Vienna
The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.
November 14, 2011
Fabasoft in the Black Zone
The Austrian software manufacturer reports improving sales and earning figures. Cash flow turned into positive.
November 12, 2011
AT&S Places € 100m Corporate Bond
The Austrian technology company will use the proceeds for general strategic objectives and for improving the quality of its funding portfolio.
November 10, 2011
SW Umwelttechnik Wins Major Contract in Hungary
The Austrian technology group will be managing a syndicate of three companies. The project has a total volume of € 24m.
November 10, 2011
Andritz Reports Rise in Sales, Earnings and Profits
As expected the Austrian technology Group Andritz achieved a significant increase in all relevant financial key figures in the third quarter of 2011 compared to the previous year’s reference period.
November 8, 2011
Andritz: Analysts Optimistic
The Austrian engineering and technology group Andritz is expected to report a significant rise in sales, earnings and profits.
November 5, 2011
Kovats Complains against Court Order
A-Tec’s outgoing CEO challenges a court decision as he sees an infringement of his property rights.
November 3, 2011
Austrian IT Service Provider Expands to Canada
The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.
October 31, 2011
Quanmax Raises Targets for 2011
The Austrian distributor of IT products benefits from the acquisition of S&T. Target turnover for the fiscal year has been revised to € 150m.
October 28, 2011
S&T Shareholders Approve Capital Increase
Recapitalization of the Austrian IT consulting company authorized in today’s Extraordinary General Meeting.
October 25, 2011
Strong Rise in Sales for austriamicrosystems
Austriamicrosystems, a manufacturer of ICs for communications, industry & medical and automotive applications, reports revenue and earnings growth for the third quarter of 2011.
October 24, 2011
Negative Results for S&T
The Austrian IT service provider S&T had to report losses in the third quarter of 2011. Sales were below expectations.
October 22, 2011
AT&S: Massive Investments in China
The Austrian manufacturer of conductor boards will invest € 600m for its factory in the Chinese Chongqing.
October 22, 2011
A-Tec: Kovats to be Replaced
Mirko Kovats, CEO of the Austrian A-Tec, will be replaced from his positions in order to avoid further “disturbances”.
October 22, 2011
AT&S Reports Solid Quarterly Results
The Austrian technology company achieved record sales of € 131.4m in the second quarter. A new sales office in Taiwan will be opened soon.
October 20, 2011
Update Software Reports Positive Earnings
The Austrian software provider update software, which is listed at Frankfurt Stock Exchange, recorded a rise of 28% in sales. EBIT turned into the black zone.
October 19, 2011
U.S. Company Claims $ 25m From Andritz
The U.S. company Ovalstrapping accuses the Austrian technology Company Andritz to have copied its technologies. Andritz defends itself.
October 19, 2011
Online Shopping is Booming in Austria
45% of the Austrian population already practiced online shopping. The share of enterprises using mobile broadband connections rose significantly against 2010.
October 18, 2011
ATB is Optimistic to Find a New Buyer
The subsidiary of the insolvent A-Tec corporation is looking for a new owner. Now, it is important to find a quick solution.
October 10, 2011
Upper Austria Waits for Google
The Austrian province already has provided the infrastructure for the U.S. internet service provider google. But construction works for the data processing center did not began until now.
October 8, 2011
Penta Bids for A-Tec Again
The Czech-Slovak group is still interested in an acquisition of the insolvent Austrian conglomerate and has now submitted a new offer.
October 7, 2011
New Managing Director for S&T Austria
The Austrian IT service provider successfully concludes its restructuring phase and appoints Richard Neuwirth as Managing Director.
October 6, 2011
Andritz: Strong Rise in Sales Expected
At the Andritz Capital Market Days 2011, CEO Wolfgang Leitner today specified the sales and earnings targets of the Austrian technology group for 2011 and 2012.
October 5, 2011
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
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