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