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

Cartel Court Prohibits Novomatic Gambling's Takeover of Casinos Austria

Gambling group Novomatic saw its plans to take over listed casinos operator Casinos Austria crossed by the decision of the cartel court. The court prohibited the planned merger which it believes would limit competition, Novomatic said in a press statement.

August 30, 2016

Montana Tech Industries H1 Net Profit Surges to EUR 14.4 Mln

Switzerland-listed Austrian industrial group Montana Tech Components raised net profit by 60 percent y/y to EUR 14.4 million in H1 2016 on revenues growing by 7.2 percent to EUR 372.5 million, the company said.

August 30, 2016

Kapsch Extends Czech Toll System Contract until New Tender is Called

After a long tug-of-war the Czech government agreed to extend Kapsch TrafficCom’s contract for the toll system operation in the Czech Republic after all, by three years. The existing contract expires by the end of this year. The government in Prague has not managed to organize a tender in time, due to various delays.

August 29, 2016

Cable Lift Producer Doppelmayr Builds First Lift in Macao

The Vorarlberg-based cable lift producer Doppelmayr has built its first facility in Macao. The circular lift gives the visitors a view of the fountains and brings them to a casino and a hotel the company said. The value of the investment hasn't been revealed.

August 26, 2016

Write-Offs Drag Down Novomatic’s Profits in H1

The Lower-Austrian gambling group Novomatic, which is planning to take control over the partially state-owned Casinos Austria, raised its sales again in the first half of the year. However, on the operating level the company earned less due to non-planned write-offs.

August 24, 2016

Wifo: Investment in Broadband to Create up to EUR 1.2 Billion Value

The EUR 1 billion that the Ministry of Infrastructure plans to spend on broadband Internet could lead to the creation of up to EUR 1.2 billion (USD 1.36 billion) in value and utilization of the capacity of 14,700 employees, according to the estimates of economic research institute Wifo.

August 23, 2016

Electromobility Offers Austria Huge Potential

Electromobility offers Austria a huge potential, a study commissioned by Klima und Energiefonds (KliEn) indicates. According to the study, by 2030 Austria’s automotive industry could gain EUR 3.1 billion in added value and 33,900 new jobs, thanks to the expansion of emobility.

August 22, 2016

Verbund and Voestalpine Deepen Collaboration

Verbund and Voestalpine are working on deepening their collaboration to start with, over a period of six years. One of the projects involves the construction of a photovoltaic installation near Voestalpine in Leoben. The energy management of the past is not the energy management of the future, Verbund CEO Wolfgang Anzegruber noted. He and Voestalpine head Wolfgange Eder call for politicians to create stable framework conditions.

July 28, 2016

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