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Austrian Technology Industry Headlines

The Takeover of Bwin.Party Still Unclear

The Austrian-British gambling company bwin.party today asked its rival GVC Holdings for the best possible takeover offer. Earlier bwin.party and GVC aligned their positions concerning the bid at EUR 1.37 billion (USD 1.55 billion).

August 27, 2015

Andritz Closes Down Three German Factories, 450 Laid Off

The German molding press maker Schuler, owned by Austria’s listed Andritz since 2013, is going to closed down three of its seven production facilities in Germany. 450 staff will lose their jobs. The profit of Andritz will be reduced by EUR 1520 million (USD 17.2 million EUR 17.4 million) this year due to the decision, it was announced.

August 26, 2015

OBIB Holding New CEO Hails Novomatic Gambling Takeover Plans

State holding OBIB (formerly OIAG) new CEO Martha Oberndorfer welcomes the plans of listed gambling group Novomatic to take over a significant stake in competitor Casinos Austria, she told APA in an interview.

August 25, 2015

GVC Raises Price in Offer for Bwin.Party to GBP 1.03 Per Share

Listed online betting group bwin.party may see UK firm GVC Holdings raise the price in the offer yet again to at least GBP 1.03 per share, according to the British newspaper The Times.

August 20, 2015

BWT Water Treatment GM to Vote on Delisting on Aug 25

Water treatment firm BWT will see its shareholders vote on the group's delisting at a GM slated for August 25.

August 20, 2015

Kapsch TrafficCom Lands EUR 60 Million Deal in England and Netherland

Listed toll system operator Kapsch TrafficCom has secured a EUR 60 million (USD 66.6 million) contract in the Netherlands and the UK, for the modernization and consolidation of the traffic management on motorways. The contract covers also services provided over a period of 13 years and the implementation of the DYNAC system, it was announced.

August 18, 2015

Novomatic in Control of Majority of Casinos Austria?

The plan to acquire a stake in casinos group Casinos Austria by Lower Austrian gaming group Novomatic has called the antitrust authority BWB into action. The regulator is not likely to simply agree to such a deal, but will rather demand an in-depth probe. This is also the biggest obstacle standing in Novomatic’s path. In purely mathematical terms Novomatic already holds a stake of 39.5 percent in Casinos Austria, provided the deal works out.

August 12, 2015

Competition Watchdog Very Critical of Planned Takeover of Casinos's Stake by Novomatic

Austria's competition watchdog BWB will not simply "wave through” the planned acquisition of a nearly 40-percent stake in listed casinos operator Casinos Austria by rival Novomatic, BWB head Theodor Tanner said for the TV broadcaster ORF. In even stronger words, he stated that he "cannot imagine that we will wave through this project” based on the information BWB so far had from the media.

August 12, 2015

The Race for Bwin.Party is Not Yet Over

GVC Holdings is still fighting to acquire the British-Austrian gambling group bwin.party. GVC has raised its offer from 122.5 pence per share to 125.5 pence per share. This price means bwin.party would be worth GBP 1.03 billion (EUR 1.47 billion). GVC offers 25 pence per share in cash and 0.231 of own share. The two companies are discussing the details, a decision should be made in ten days.

August 7, 2015

Voestalpine Confirms US Facility in Pipeline

Listed Austrian steel group voestalpine is currently pumping EUR 550 million (USD 597 million) in a new steel work in Corpus Christi (Texas) in the USA. In spite of difficult weather conditions construction progresses according to plan, CEO Wolfgang Eder disclosed, while commenting about the financial results of the company published in the morning.

August 6, 2015