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Austrian Technology Industry Headlines

Hermann Hauser’s Fund Amadeus Capital Partners Invests in Zoomsquare

The real estate web site Zoomsquare has secured financing with the help of Austrian risk capital provider Hermann Hauser, working in England. Shortly before the conclusion of another financing negotiation round Zoomsquare agreed to the investment of Hauser’s fund Amadeus Capital Partners, the company announced. It is the first investment in Austria for Hauser.

October 2, 2015

PayLife Becomes SIX Payment Services

In September 2013, the Swiss financial services provider SIX acquired PayLife, the market leader for cashless payments in Austria, from the Austrian banks. With the acquisition and integration of PayLife SIX underlines its goal of driving international growth and its ambition to be among the leading European providers of card-based payments. Starting today, PayLife Bank GmbH is renamed SIX Payment Services ( Austria ) GmbH.

September 23, 2015

Banner Batteries Gets Green Light for Controversial Plant

Battery maker Banner secured the approval of the regional authorities for the construction of the controversial production plant in Pasching. However, legal measures can yet be raised against the planned investment.

September 22, 2015

Casinos Austria's Shareholder Bank Keeps Mum about Intentions

Former church bank Schelhammer & Schattera from GraWe group, which holds 5.3-percent in listed group Casinos Austria directly as well as more shares via its unit Medial, would not reveal its intentions concerning the stake. Neither would Austria's Finance Ministry offer a comment. At issue is the current race for partly state-owned Casinos which is of interest to rival Novomatic as well as two Czech billionaires.

September 21, 2015

VIG’s Stake in Casinos Austria Sold to Czech Firm, Pending Regulatory Nod

The Austrian antitrust authority BWB has been notified about the sale of a stake in Casinos Austria, owned by Vienna Insurance Group (VIG), to Czech billionaires Karel Komarek and Jiri Smejc, on Friday. Austrian Gaming Holding a.s. (AGH) wants to acquire 100 percent of the shares of CAME Holding GmbH, the notification indicates.

September 18, 2015

AMAG Held Ground-Breaking Ceremony in Ranshofen

Listed aluminum group AMAG has held a groundbreaking ceremony in Ranshofen, before the extension of the factory in the Upper Austrian town. The investment will cost the concern EUR 300 million (USD 343.5 million), leading eventually to a doubling of the output capacity of the rolling mill to 300,0000 tonnes.

September 18, 2015

Austria Participates in Construction of European Ariane 6 Rocket

Austria is participating in the construction of the new Ariane 6 rocket, which will be used as of 2020. The country’s participation in the project has increased to EUR 26 million (USD 29 million), Infrastructure minister Alois Stöger (SPÖ) announced during a press conference held with General Director of ESA, Johann-Dietrich Wörner.

September 17, 2015

Montana Tech Industries Buys Brazilian Firm

Austrian industrial group Montana Tech Components (MTC), listed in Switzerland, will take over via its Asta unit a Brazilian electrical firm PPE, MTC said. The contract signing and transaction close already took place.

September 11, 2015

Voestalpine Steel's CEO on European Steel Industry

European steel sector is threatened by massive over-capacities at 30-40 million tonnes which could affect 70-350k jobs in Europe, in the opinion of listed steel group Voestalpine's CEO Wolfgang Eder.

September 10, 2015

British Police Orders Surveillance Aircraft from Austrian Airborne Technologies

The UK National Police Air Service (UK NPAS) has awarded the contract to deliver 4 role-equipped fixed-wing surveillance aircraft to Airborne Technologies from Wiener Neustadt. In addition to substantial German police units, another important police force will now rely on the Austrian company that has established itself as potential partner for police aviation.

September 10, 2015