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

Kapsch Secures Extension of E-Toll Contract in Czech Republic by up to 3 Yrs

Austrian e-toll company Kapsch TrafficCom will get an extension of the contract for the operation of the Czech etoll system for trucks by 2 to 3 years, the Czech Transport Minister Daniel Tok said in the parliament.

June 23, 2016

Palfinger Eyeing Norwegian Offshore Technology Provider TTS

Listed crane manufacturer Palfinger has submitted a bid for Norwegian ship chandler TTS Group ASA, the company announced. Palfinger would like to acquire all shares of TTS, for a total price of EUR 60 million (USD 67.54 million) in cash, though Palfinger would also have to cover debt of the Norwegian firm.

June 21, 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

"3” Will Become European Headquarters for Parts of Group’s IT

Hongkonese Hutchison group will boost the significance of its Austrian subsidiary, mobile network operator "3”. In the future Hutchison Drei Austria will be responsible for the implementation and further development of international IT projects within the Oracle platform in Europe.

June 16, 2016

Gamers Sue Novomatic

After the Higher Administrative Court (VwGH) overruled recently the gambling licence or Novomatic, the listed Austrian gambling group, in the latter’s home province, gamblers proceed to file suits against the company, arguing the license had been revoked "ex tunc”, meaning Novomatic operated gambling machines illegally and has to reimburse money spent.

June 14, 2016

More Austrians Into Mobile Banking

Austrians are getting more into mobile banking: more and more of them do banking transactions via smartphones. Currently 61 percent of bank customers use mobile banking services. Last year the percentage rate was merely 48 percent, it follows from an online survey conducted by INGDiBa, carried out in 13 European countries.

June 14, 2016

Voestalpine Secures Large Deal in Texas

Listed steel group voestalpine has secured another large deal in Texas, for U.S. steel manufacturer Big River Steel. The Austrian company is going to supply up to 240,000 tonnes of hot briquetted iron (HBI) per year from 2017 to the U.S. enterprise, it was announced.

June 13, 2016

iTranslate App from Graz Downloaded 50 Million Times

The translation and dictionary application iTranslate developed by four Carinthians has been downloaded 50 million times by now. Thus, after Runtastic it is one of the most favourite Apps in Austria. Now a new version with offline mode and speech function will be added. The company developing the application currently has 15 employees and earns money mainly on premium functions.

June 10, 2016

Graz-Based Sensor Firm Nextsense Set to Expand with EU Funds Support

Styrian sensor firm Nextsense secured EUR 2 million (USD 2.3 million) from EU programme Horizon 2020 and is set to expand significantly thanks to the support, the company said.

June 9, 2016

FACC Ex-CEO Wants to Sue Company for Dismissal

The former CEO of aviation technology supplier FACC, Walter Stephan wants to sue the company for the dismissal without notice two weeks ago, Der Börsianer newspaper alleges.

June 6, 2016