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Vienna International Technology Industry News
Read the latest headlines about developments in the international technology industry in Vienna and Austria
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
Beko: Sales Drop by 15%
The Austrian IT company Beko Holding AG has to accept sensitive decreases in sales and profits.
December 16, 2010
Controversies About S&T Personnel
The chairman of the Vienna-based IT services provider, Thomas Streimelweger sues the supervisory board because of his dismissal, which he allegedly offered.
December 16, 2010
WKÖ: EU patent to stimulate Austrian innovation
The Austrian Economic Chamber (WKÖ) welcomes the enhanced cooperation for the EU-wide patent and hopes to obtain benefits for the domestic economy.
December 16, 2010
SIS to be Sold to Atos Origin
The French Atos Origin Acquired Siemens IT Solutions and Services, both companies expect synergy effects. Drastic job cuts in Vienna are feared.
December 15, 2010
Doubts Over Kovats’s Restructuring Plan
The value of AE&E Group is dubious. Kovats could have problems with the quota.
December 10, 2010
Andritz: Major Order from Taiwan
Andritz receives major order for annealing and pickling line for stainless steel strip in Taiwan.
December 9, 2010
Strong Sales Growth at Infineon Austria
The semiconductor manufacturer increased sales by 47% in 2009/10. The Austria location will be expanded.
December 6, 2010
Failure of Austria's Software Industry
The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.
December 6, 2010
Fabasoft in the Red
The Austrian software producer experiences slightly falling sales. Operating results are negative.
December 1, 2010
A-Tec in the Red
The insolvent Vienna Stock Exchange listed company undergoes sales declines and a negative EBIT.
November 30, 2010
Siemens Opens Multimedia Center in Vienna
Vienna gets new headquarters. Siemens inaugurates a "World Competence Center" for multimedia with its own research areas.
November 25, 2010
SW Umwelttechnik Announces Q1-Q3 2010 Results
The Vienna Stock Exchange-listed company, SW Umwelttechnik, was able to increase its turnover by 15 % to € 54.2m compared to the previous year when it reached € 47.0m.
November 24, 2010
CEO Streimelweger leaves S&T
After the difficulties of recent months CEO Thomas Streimelweger is leaving the Vienna Stock Exchange listed company.
November 23, 2010
Lufthansa-CEO Mayrhuber Moves to Infenion
Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer.
November 23, 2010
F-Star Acquired Major Order
The Vienna-located f-star and Boehringer Ingelheim to collaborate in discovery and development of therapeutic antibodies.
November 23, 2010
Siemens Austria: New Orders from Bangkok
The Thai BTSC has placed an order at Siemens for 35 additional intermediate cars for the city rail system. Works in Bangkok start in 2012..
November 22, 2010
AE&E: Survival Less Likely Every Moment That Goes By
While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.
November 22, 2010
S&T Seeks to Refinance Bonds
The Vienna-based IT service provider wants to have a sound financing basis. New investors are also being sought.
November 19, 2010
Economic Espionage: Damages for 880 Million Euro in Austria
Every year, Austrian companies lose 880 million euro to economic and industrial espionage.
November 18, 2010
Siemens Austria Participates in Construction of Zagreb’s Main Train Station
The consortium Siemens AG Österreich and Elektrokem d.o.o from Zagreb has been awarded the contract for the delivery of a modern electronic switch system
November 18, 2010
AE&E: Negotiations Under High Pressure
The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.
November 18, 2010
Schoeller-Bleckmann Oilfield Equipment AG Announces Results of Q1-Q3
Vienna-Stock-Exchange listed SBO records a clear increase of all key financial figures.
November 17, 2010
Binder&Co; Announces Q1-Q3 Results
Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.
November 17, 2010
Infenion Announces 4Q 2010 Results
Quarterly revenue up by 6 percent sequentially. Segment Results of € 171m, a 24 percent increase from prior quarter.
November 16, 2010
Fabasoft Announces Figures for the First Half of 2010
Fabasoft AG announces preliminary Group figures for the first half of the fiscal year 2010/2011. Slight losses are expected.
November 12, 2010
AE&E: New Details on Negotiations
Negotiations over the troubled A-Tec's subsidiary AE&E continue, but they get an unexpected sideshow.
November 12, 2010
S&T Denies Bankruptcy Petition
The Vienna Stock Exchange listed IT company provides S&T is facing widespread allegations. It has been rumored that the company is faced with a bankruptcy petition.
November 12, 2010
BWT Announces its Results for Q3
BWT records a strong growth in revenues and EBITDA. However, net results fell by 10%.
November 12, 2010
Pankl Announces Results for 2009/10
The Styrian company Pankl Racing Systems AG presented its preliminary results for the 12-Month period in fiscal year 2009/10. Revenues grew by 20.5 percent in Q4.
November 11, 2010
Kapsch CarrierCom Gets Major Contract for GSM-R Project in Spain
Kapsch was commissioned by the Spanish railway authority Adif with the implementation of a GSM-R network.
November 9, 2010
Windtec: World Market Leader In Only 5 Years
The Carinthian developer of wind turbines has catapulted in just five years to the the position of global market leader.
November 8, 2010
A-Tec: No Agreement Yet
According to the boss of the Kreditorenschutzverbandes (KSV, Creditor Protection Association), Hans-Georg Kantner, there will still be no solution on today Monday. Negotiations are still underway.
November 8, 2010
Andritz: Favorable Development in the First Three Quarters
Technology Group ANDRITZ showed a favorable business development in the first three quarters of 2010. Sales, earnings and profitability rose substantially.
November 8, 2010
Kapsch TrafficCom Acquires Mark IV IVHS
Mark IV IVHS is the largest supplier of electronic toll collection (ETC) equipment in North America. Kapsch pays USD 70 million.
November 6, 2010
Unexpected Rise in Research Expenditure
Against the general trend, Austria's economy is increasingly investing in research and know-how.
November 4, 2010
4.25% Kapsch TrafficCom Bonds Successfully Placed
Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, successfully placed corporate bonds with a tenor of seven years and a volume of Euro 75 million.
November 3, 2010
A-Tec: Financing Only Secured Until January
The plan of the creditors' committee was rejected. The Banks are consulting with each other for the financing of the ailing A-Tec group, after which the creditors’ committee will present a new proposal to the credit institutions.
November 2, 2010
Andritz Acquires RITZ Pumpenfabrik, Germany
International technology Group ANDRITZ has signed a contract to acquire the German company RITZ
November 2, 2010
A-Tec: Banks Working on Counter-Proposal
After the fruitless negotiations, the banks plan to draw up a counterproposal. In addition, a British investor is showing interest in joining.
October 30, 2010
Kovats in Distress: Rescue Package Must Stand Firm by Monday
The coming days are of utmost relevance for Mirko Kovats’s insolvent A-Tec Group. The rescue package must be ready by Monday.
October 29, 2010
A-Tec Restructuring: Kovats Hands Over 25.1%
The banks inject new money into the insolvent company; Kovats has no longer the majority. If restructuring fails, the banks have realization authority.
October 28, 2010
A-Tec Creditors: Minimum Rate Too Low
While an early agreement with the banks seems imminent, the legal minimum quota offered to the creditors of the insolvent A-Tec group is not enough. Staff’s resentment is also being felt.
October 22, 2010
AT&S Leaves the Crisis Behind
Thanks to growth in sales and massive investments, AT&S looks forward to a positive future.
October 21, 2010
A-Tec Offers a 30% Quota
CEO Kovats is trying to rehabilitate his insolvent company with the help of creditors.
October 21, 2010
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