The latest technology industry and company news and analysis from FriedlNews
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Hannover Finanz Withdraws from Schrack

The German investor Hannover Finanz will give away its 60 percent stake in Vienna's technology company Schrack. The current management will take over the majority Hannover Finanz announced on Tuesday. At the same time ILAG will obtain a minority stake. Parties have agreed to not disclose the value of the transaction.

11 minutes ago

Andritz May Have to Pay EUR 8 Million Guarantee in Romania

The listed Styrian facilities builder Andritz has been confronted in Romania with a claim for EUR 8 million (USD 9.1 million) guarantee from the insolvent power plant operator Hidroelectrica. This was reported by "WirtschaftsBlatt” on Friday.

February 27, 2015

Kapsch TrafficCom Still in Red Due to Norwegian Firm and Project Loss

Road toll system provider Kapsch TrafficCom continued its loss-making streak in the first nine months of 2014/15. The net loss per share slipped, however, from EUR 0.40 (USD 0.45) to EUR 0.36. The cause for the continuous negative performance of the firm was due to impairment loss on Kapsch’s Norwegian subsidiary Q-Free ASA made in Q3.

February 25, 2015

Kapsch TrafficCom E-Toll Set to Pay Dividend for FY 2014/15

Listed e-toll group Kapsch TrafficCom enjoyed an increase in nine-month earnings in 2014/15 and wants to pay dividend for the whole 2014/15 which is expected to also show a y/y improvement in earnings, the group said.

February 25, 2015

Banner Car Batteries to Invest EUR 35 Mln in New Plant

Car batteries producer Banner plans to open a new facility in Pasching and will invest EUR 35 million (USD 39.6 million), the company told APA.

February 24, 2015

Kapsch TrafficCom - Analysts Expect Operating Profit for 9 Months

Analysts predict that the 9-month financial report of Kapsch TrafficCom to be published on Wednesday will show substantial gains on the operating level.

February 23, 2015

Pierer Holds 76 Percent Stake in BF Holding

Industrialist Stefan Pierer who wants to introduce his Cross Holding through a merger with BF Holding AG (earlier Brain Force Holding AG) to the stock market, has come a step closer to his goal of complete takeover of BF.

February 18, 2015

Andritz Signs EUR 100 Million LoI in Finland

Listed engineering Group Andritz has signed a letter of intent with Metsä Fibre to deliver key production technologies for a new bio-product pulp mill with an annual capacity of 1.3 million tons of pulp in Äänekoski, Finland. The order value for Andritz is over 100 million euros. Start-up of the planned mill is scheduled for August 2017.

February 13, 2015

Casinos Austria and Martin Schlaff Get Rid of Greek Investment

Listed casinos operator Casinos Austria got rid of the lossmaking asset in Greece after a long legal dispute, Casinos Austria spokesman Martin Himmelbauer told APA confirming a report by the magazine Format.

February 13, 2015

Voestalpine Reports Increase in Earnings in 9 Months

Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group Voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

February 10, 2015