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Austrian Technology Industry Headlines

Keba Electronics FY Revenues at EUR 181 Mln

Linz-based electronics firm Keba posted EUR 181 million revenues for the financial year ended as of the end of March, down from EUR 189.5 million (USD 208.7 million) a year earlier for accounting reasons, CEO Gerhard Luftensteiner said at a press conference.

July 26, 2016

Kapsch TrafficCom to Deliver Toll System to USA for EUR 134 Million

Kapsch TrafficCom will renovate the toll syste, for six bridges and tunnels of the port management of New York and New Jersey (Port Authority of New York and New Jersey).

July 25, 2016

Indian Ministry of Railways Discusses India-Austria Railway Cooperations

The Indian Minister of Railways, Shri Suresh Prabhu paid a visit to Austria. In an event organized by the Chamber of Commerce H.E. Mr. Prabhu met with CEOs and Austrian Railway Companies to discuss possible further India-Austria cooperations in the field of railways technology.

July 21, 2016

EUR 250 Million Order Brings Smart Meters to Styria

From the autumn of 2017 a major portion of Styrian households will have the so-called smart meters, intelligent electricity meters. Energie Steiermark together with 30 smaller energy companies organized a tender for a contract worth over EUR 250 million. Two producers from France France and Switzerland competed in the tender. The internal parts will come from ams in Unterpremstätten.

July 19, 2016

AMAG Signs Biggest Delivery Contract with Airbus

The listed aluminium group AMAG in Ranshofen in Upper Austria has signed the biggest supply contract thus far with Airbus. This was announced by the company. AMAG didn't disclose details concerning the volume of deliveries from January 2017. "This contract will substantially expand our business with Airbus and strengtnen our position as a recognized supplier for the aircraft industry” - chairman of the management of AMAG Austria Metall AG Helmut Wieser said.

July 18, 2016

Kapsch Group Beats EUR 1 Bln Mark with FY 2015/16 Revenue

Kapsch Group, comprising listed e-toll firm Kapsch TrafficCom, raised FY 2015/16 revenues by 15 percent y/y to some EUR 1.05 billion (USD 1.16 billion), exceeding the EUR 1 billion threshold for the first time, the company said.

July 18, 2016

A1 Wants to Accelerate Landline Internet with LTE

The Austrian client wants ever more bandwidth for faster Internet and higher image resolution. Nevertheless, in terms of availability of landline Internet access Austria is under OECD average. For this reason Telekom's subsidiary A1 wants to invest EUR 500 million (USD 557 million) in expansion and offers to accelerate its clients' Internet access with LTE and a "A1 Hybrid-Boost"-modem.

July 18, 2016

Administrative Court Annuls Two Casino Licenses Allocation to Novomatic

Austria's administrative court VwGH annulled the allocation of two of the three casino licenses, granted by the Finance Ministry to gambling group Novomatic, the court ruled. The allocation of licenses by the ministry in 2014 lacked transparency, the top administrative court said, confirming the decision of the federal administrative court BVwG.

July 15, 2016

UIAG - Biggest Takeover in Company's History Completed

The listed Upper-Austrian investment company Unternehmens Invest AG (UIAG) has finalized the biggest takeover in its company history. The closing for the purchase of a 25.07 percent stake in German IT service provider All for One Steeb AG took place today. Thanks to the acquisition UIAG has become a majority shareholder in the SAP specialist. The stake was sold by Pierer Industrie AG (PIAG).

July 15, 2016

Best Gaming Technology Acquired by Rival Playtech

Vienna-based maker of software for self-service betting terminals Best Gaming Technology (BGT) has been acquired by UK gambling software group Playtech for €138m. Playtech holds the option to purchase the remaining shares for up to €55m from Armin Sageder, the company’s founder and chief executive.

July 14, 2016