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

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

Indian Ministry of Railways Discusses India-Austria Railway Cooperations

The Indian Minister of Railways, Shri Suresh Prabhu paid a visit to Austria. In an event organized by the Chamber of Commerce H.E. Mr. Prabhu met with CEOs and Austrian Railway Companies to discuss possible further India-Austria cooperations in the field of railways technology.

July 21, 2016

Best Gaming Technology Acquired by Rival Playtech

Vienna-based maker of software for self-service betting terminals Best Gaming Technology (BGT) has been acquired by UK gambling software group Playtech for €138m. Playtech holds the option to purchase the remaining shares for up to €55m from Armin Sageder, the company’s founder and chief executive.

July 14, 2016

Austrian Microelectronics Company AMS Buys British CCMOSS

Styrian microelectronics company AMS has acquired British firm Cambridge CMOS Sensors (CCMOSS). The agreement for the acquisition of all shares of CCMOSS for cash has already been signed, the Austrian company, listed on the Swiss stock exchange, announced on Thursday. The price has not been disclosed.

June 16, 2016

Novomatic Takeover of Australian Rival Delayed

The planned investment of the Lower-Austrian gambling group Novomatic in the Australian rival Ainsworth Game Technology has been delayed. Ainsworth will postpone general assembly scheduled for June 3 by up to 30 days. It is at the meeting that shareholders are supposed to approve the deal.

May 25, 2016

Franz Wolfahrt Stands in Civil-Law Trial Concerning Disputed Payments

In the civil-law trial concerning disputed payments to lobbyists Walter Meischberger and Peter Hochegger, former CEO of gambling company Novomatic, Franz Wolfahrt, once again confirmed that such payments were made in connection with the targeted loosening of gambling law in 2006, although he stressed that adequate services were provided in return.

May 24, 2016