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

Voestalpine Builds EUR 25 Million Plant in Linz

Voestalpine will invest EUR 25 million in the second plant producing laser-welded boards in Linz. Thanks to this the sales of Europlatinen GmbH, a subsidiary of Metal Forming Division, should grow from EUR 100 million (USD 110.8 million) to EUR 140 million in the next three years. The number of employees is supposed to grow from 200 to 270.

July 2, 2015

Andritz Engineering Moves Turbine Production to Germany from Switzerland

Andritz Hydro AG, a unit of listed engineering concern Andritz, will relocated water turbines production from Switzerland's Lucerne to Ravensburg in southern Germany, Andritz Hydro's comanager Heinz Duner said confirming a report in Neue Luzerner Zeitung.

July 2, 2015

Casinos Austria CEO Suggests to Remodel the Group

The head of Casinos Austria Karl Stoss is thinking of a completely new group structure. In a slim financial holding up to 100 percent of operative companies Casag (Casinos Austria), Casinos Austria International (CAI), Lotterien, win2day, WINWIN and up to 56 percent in sports betting subsidiary tipp3 would be included.

June 26, 2015

Miba to Pay Unchanged Dividend of EUR 8 Per Share

The listed component maker and technology group Miba will pay out a dividend of EUR 8 (USD 8.950) per share for 2014/15, just as in the previous years.

June 25, 2015

Austrian Industry to Spend EUR 20 Bln on IT Infrastructure Investments by 2020

Austria's industrial segment will spend EUR 20 billion (USD 22.5 billion) on digital network connections investments, the so-called Industrie 4.0, by 2020, shows a survey conducted by consultancy PwC among 100 Austrian companies.

June 25, 2015

Epic Consortium Eyes Majority in Casinos Austria and Lottery Unit

A consortium around Viennese investor Peter Goldscheider is "very interested” in the majority takeover of partly state-owned casinos operator Casinos Austria, owner of, among others, lottery firm Österreichische Lotterien (OLG), Goldscheider said without naming the value of the consortium's offer.

June 23, 2015

Voestalpine Lands EUR 60 Million Deal with Aviation Industry

Böhler, a subsidiary of Upper Austrian steel group voestalpine, has been awarded a EUR 60 million (USD 67.6 million) deal in France by an aviation industry company, during the aviation trade fair Le Bourget.

June 18, 2015

Bwin.Party: Two Major Shareholders Set to Sell Stakes

Listed Austrian and British gambling group bwin.party's two lead shareholders, Emerald Bay Limited and Stinson Ridge Limited, plan to put up up to 50 million shares for sale, bwin.party said Friday.

June 12, 2015

Gambling: Casinos Austria Prefers Earlier Poker Ban

Casinos Austria has welcomed a plan of the government to ban poker outside of casinos altogether. However, the company is not satisfied with the fact that the ban should be imposed only in 2020 and not by 2017. Casinos Austria covers the demand for poker in casinos and online, the firm states.

June 9, 2015

Novomatic Buys Eight Percent of Lotteries from B&C

Only shortly after Finance Minister Hans Jörg Schelling (ÖVP) announced that the partially state-owned Casinos Austria could be fully nationalized, Lower Austrian gambling group Novomatic announced it had acquired a stake of 7.94 percent in lottery company Lotterien, majority-owned by Casinos Austria. Novomatic bought the stake in question from the B&C group.

June 9, 2015