The latest technology industry and company news and analysis from FriedlNews
Page 1/47

Austrian Technology Industry Headlines

Styrian Siemens Arm to Work on Irish Project

The technology group Siemens has secured two deals for onshore wind power plants in Ireland. The transformers for the wind park Sliabh Bawn will be developed and build by the Styrian Siemens factory in Weiz. A total of 20 transformers of 3.4 MVA will be delivered to Ireland in 2016. The beginning of construction is scheduled for the beginning of 2017.

February 5, 2016

Novomatic: Czech Investor May Seek Settlement Over Casinos Austria Takeover

Gambling group Novomatic and a Czech consortium (Austrian Gaming Holding), who compete in the race for a majority stake in state-run casinos operator Casinos Austria, may seek a settlement over the issue, Novomatic CEO Harald Neumann said at the international gambling fair ICE in London.

February 4, 2016

Novomatic Gaming Raises 2015 Revenues to above EUR 2 Bln

Listed gaming group Novomatic raised revenues to a record level of more than EUR 2.0 billion (USD 2.2 billion) in 2015 from EUR 1.98 billion a year earlier, but earnings were "marginally” below the prior-year level, the company's CEO Harald Neumann said at the international gaming fair ICE in London.

February 4, 2016

Andritz Engineering Unit Wins EUR 65 Mln Deal in Pakistan

Listed engineering group Andritz saw its unit Andritz Hydro win a EUR 65 million (USD 70.9 million) deal in Pakistan, Andritz said.

February 3, 2016

FACC Aircraft Components Sacks CFO Over Cyber-Fraud Case

Listed aircraft components group FACC dismissed CFO Minfen Gu in connection with the recent cyberattack which cost the company some EUR 50 million (USD 54.6 million), the company said in a statement on Wednesday.

February 3, 2016

FACC Aircraft Components Shareholders Demand Clarification over Cyber-Fraud

Listed aircraft components group FACC shareholders called for clarification regarding the recent case of cyber-fraud in which the company lost EUR 50 million (USD 54.6 million), investor lobby head Wilhelm Rasinger told the daily WirtschaftsBlatt.

February 2, 2016

Competition Regulator to Decide on Casinos Takeover by Novomatic on Wednesday

Austria's competition regulator BWB will decide on Wednesday on the planned majority takeover of state-owned casinos operator Casinos Austria by gambling group Novomatic. Options include issuing a green light for the deal or else ordering a deepened investigation by cartel court.

February 2, 2016

Retail Trade Not Hiking Much in 2015, Internet, Food Pushed Performance

The retail trade sector rose last year mostly thanks to the good performance of online retail and the food retail segment. Internet sales rose by 7 percent y/y to EUR 3.3 billion (USD 3.6 billion) in 2015, whereas the bricks and mortar sector reported merely a growth of 1.1 percent to EUR 66.3 billion in sales, it follows from data of KMU Forschung Austria.

January 28, 2016

Austria Ranked 13th Most Innovative Country in the World

Austria took the 13th place in Bloomberg’s international innovation ranking, which marks a clear improvement compared to the preceding year, when Austria came in 17th, Presse daily writes. Austria was also ranked high in the categories of university graduates and scientific studies (7th), patent rights (13th) and productivity (14th). However, in the category high-tech density Austria was ranked merely 30th.

January 26, 2016

Salzburg Delegation Meets Slovenian Economy Ministry Officials

Governor of the province of Salzburg Wilfried Haslauer was received by Slovenian Economy Ministry State Secretary Ales Cantarutti and his delegation to debate the strengthening of business cooperation, especially in high-tech industries, logistics and transport, and the wood industry.

January 26, 2016