The latest construction industry and company news and analysis from FriedlNews
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Austrian Construction Industry Headlines

Refugees: Rosenberger Closure Incomprehensible for Asfinag

The closure of service station on the Brenner passage by the motorway service station operator Rosenberger is "not understandable” for Asfinag. The operator of companies on the Brenner passage were informed of the measures in advance. "During talks these measures were acknowledged and accepted” motorway maintenance company said.

July 19, 2016

Palfinger Cranes Secures Approval of Oslo Bourse for Norwegian Takeover

Listed crane producer Palfinger secured the approval of the Oslo Stock exchange for the takeover of listed Norwegian firm TTS Group, Palfinger said.

July 18, 2016

Creditors of Alpine Bau Get EUR 95 Million

In course of insolvency proceedings following the bankruptcy of Alpine Bau GmbH, the planned interim payout of 5 percent has been carried out. As Alpenländische Kreditorenverband (AKV) said, the total volume of the money distributed by the received was about EUR 95 million (USD 105.8 million).

July 18, 2016

Brexit - Umdasch Subsidiary Doka Questions Investment in England

Umdasch subsidiary Doka is questioning its investment in England, following Brexit "WirtschaftsBlatt” reported. "We are actually planning to invest in the construction of our branch to the south of London this year” the head of Umdasch group, Andreas Ludwig declared.

July 5, 2016

Kapsch TrafficCom Lands Deal in USA

Listed toll system provider Kapsch TrafficCom AG has secured a deal worth USD 11.5 million (EUR 10.4 million) in the USA. A subsidiary of the Austrian firm has been commissioned with the upgrade of the Integrated Transportation Management Systems in the Highway Operations Center (HOC) of the traffic authority of Massachusetts.

June 28, 2016

Porr - Financing for Major Order in Bratislava Secured

In Bratislava the Austrian construction group Porr will participate in one of the biggest PPP projects in Central Europe. The company received the order for the ring road of the capital of Slovakia a month ago. Now financing for the EUR 1 billion (USD 1.135 billion) project has been secured.

June 23, 2016

Palfinger Eyeing Norwegian Offshore Technology Provider TTS

Listed crane manufacturer Palfinger has submitted a bid for Norwegian ship chandler TTS Group ASA, the company announced. Palfinger would like to acquire all shares of TTS, for a total price of EUR 60 million (USD 67.54 million) in cash, though Palfinger would also have to cover debt of the Norwegian firm.

June 21, 2016

Strabag Lands Huge Deal in Switzerland

The Austrian construction group Strabag SE has secured a EUR 100 million (USD 112.6 million) deal from Siemens in Switzerland. The local arm of Strabag is going to erect an office building and production plant in Zug for Siemens by June 2018, it was announced. Siemens Real Estate is the investor, whereas Strabag acts as general contractor.

June 20, 2016

ORF Broadcasting Centre Funkhaus Sold to Rhomberg

The construction group Rhomberg has won the auction for the ORF broadcasting centre in Vienna. The Austrian broadcaster ORF was in talks with five potential bidders, but Rhomberg submitted the best offer in the end, ORF chief executive Alexander Wrabetz and CFO Richard Grasl said. The sales proceeds are expected to exceed EUR 20 million (USD 22.5 million).

June 14, 2016

Austrian Wood Industry Back on Track

Positive trend returned to the Austrian wood industry after three years of contraction. In 2015 the branch recorded 4.8 percent growth and generated sales of EUR 7.49 billion. The branch association expects a slight gain this year.

June 3, 2016