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High Tech Industry

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

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

Andritz Wins Order in the UK

The Austrian technology group and the energy group E.ON signed a contract on the supply of equipment for a biomass energy plant. The project has a volume of € 80m.

November 17, 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

Intercell Receives Approval for Vaccine in India

The Austrian pharmaceutical company achieved an important milestone in the roll-out of its Japanese Encephalitis vaccine in endemic countries.

November 10, 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

Austrian Trade With China to Double

On the occasion of the state visit of the Chinese President Hu Jintao, the Austrian Minister of Economics stated to aim a deepening of the bilateral economic relations.

November 1, 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

Full Order Books For VTA

The Austrian water technology company expects a substantial rise in sales for 2012. Recently an order from Indonesia has been recorded.

October 30, 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

„Extend Economic Ties to Georgia“

The Austrian Minister of Economics wants to cooperate closer together with Georgia, which offers export opportunities for the Austrian industry.

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

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

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

Spectacular Surge in Profits of CEE Technology Companies

The annual Deloitte Technology Fast 50 Program honors the fastest growing Central European technology companies. It is based on the percentage of revenue growth over five-year period.

October 18, 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

Austrian-Czech Technology Cooperation Opportunities

The Embassy of the Czech Republic in Vienna, in cooperation with the Lower Austria Chamber of Commerce hosts on 18 October 2011 a technology seminar.

October 17, 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

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

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

Kresta Takes Over Swiss Buss ChemTech

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

September 30, 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

Austria Catches Up as IT Business Location

According to the Economist Intelligence Unit, Austria could improve its position as IT business location and went from rank 22 to rank 17.

September 27, 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

Andritz Acquires NSC Nonwoven, France and China

Austrian technology Group Andritz has signed a contract to acquire NSC Group’s nonwoven division encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi, China).

September 21, 2011

Intercell Successfully Completes Vaccine Study in India

The Austrian biotech company achieved an important step in the licensure process of a vaccine for children.

September 16, 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

Vienna Hosts the World´s Largest Transport Event in 2012

ITS EUROPE is organising, in close cooperation with its counterpart regional organisations and the Host organisation, the 19th World Congress on Intelligent Transport Systems and Services (ITS) in Vienna, Austria.

September 7, 2011

A-Tec Accepts Offer of Contor Industries

After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.

September 5, 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

A-Tec: Supervisory Board Postpones Decision to September

A decision on the sale of the insolvent conglomerate will not be taken before 2 September. Penta Investments is irritated by the offer of a competing bidder.

August 26, 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

Intercell: Restructuring Is Progressing

Sales of the company’s only product on the market increased by 85% in the first six months of the year. Net loss was down 44.2%.

August 16, 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
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