The latest technology industry and company news and analysis from FriedlNews
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Austrian Technology Industry Headlines

Kapsch TrafficCom E-Toll Buys Majority in Streetline Parking Solutions

Listed etoll group Kapsch TrafficCom bought a majority stake in Californian supplier of parking solutions Streetline, Inc., the group said Thursday.

April 16, 2015

Aircraft Component Maker FACC Moves Operations Partially to the US

FACC AG has established an additional plant in Wichita/USA for the purpose of expanding the company's global presence in repair and maintenance.

April 13, 2015

Novomatic Opens More Casinos in Lithuania

The Lower-Austrian gambling group Novomatic will on May 1 open its fifth casino in Lithuania. It is likely that in the fourth quarter another Casino will be opened in Vilnius. Novomatic's subsidiary Casino Tornado has recently received a license for this.

April 13, 2015

Casinos Austria See Online Sales Drop for the First Time

Casinos Austria has been making most of its profit with online bets for some time, but last year the revenue of the online platform win2day was smaller y/y for the first time in years. The management attributes this to stronger competition in the online segment and a decrease of online poker games Europe-wide in 2014.

April 8, 2015

Kapsch TrafficCom Advises Czech Republic with Toll System Tender

Austria’s listed toll system operator Kapsch TrafficCom is going to help the Czech Republic prepare the tender for a new system, Czech news agency CTK reports on Wednesday, citing a spokesperson of the Traffic Ministry in Prague.

April 8, 2015

Kapsch CarrierCom Telecom Sets Up Joint Venture with Algerian Rail Firm

Vienna-based firm Kapsch CarrierCom, a unit of listed e-toll group Kapsch TrafficCom, set up joint venture Rail-Telecom with Algerian railway operator SNTF, Kapsch said in a statement on Wednesday.

April 1, 2015

Switzerland’s Schmolz+Bickenbach Sells Steel Unit in Austria

Swiss steel group Schmolz+Bickenbach (S+B) is selling its distribution divisions in Austria, Germany, Belgium and the Netherlands, to French steel dealer Jacquet Metal Service, for a price of EUR 88.6 million (USD 95.9 million).

March 30, 2015

CD Maker Sony DADC Lays Off 30 Employees

Salzburg-based CD maker Sony DADC (Sony Digital Audio Disc Corporation) is bracing itself for another lay-off wave. After the peak season, towards the end of this year, the firm intends to dismiss 30 employees.

March 27, 2015

Czech Republic Increases Pressure on Kapsch

Czech Finance Minister Andrej Babis panned the existing contract of the Republic with Austria’s toll system provider Kapsch TrafficCom for the operation of the truck toll system in the Czech Republic. The contract was concluded in 2006 and according to Babis it is highly unfavourable to the state.

March 23, 2015

Stefan Doboczky succeeds Peter Untersperger as CEO of Lenzing AG

The Supervisory Board of Lenzing AG appointed Stefan Doboczky (47) effective June 1st 2015 as the new Chairman of the Management Board (CEO) of Lenzing AG.

March 20, 2015