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Austrian Technology Industry Headlines

Bwin.Party Gaming to Decide on Takeover Offers in Coming Weeks

Listed Austrian and British online gambling firm bwin.party will make the decision concerning takeover offers received in the coming weeks, bwin.party said Thursday.

Yesterday

FACC Airplane Components Turns to 2014/15 Loss

Listed Upper Austrian airplane component producer FACC turned to an operating loss of EUR 4.5 million (USD 5.0 million) in FY 2014/15, worse than EUR 41.9 million operating profit a year earlier, while net result moved to a negative EUR 9.6 million from a positive EUR 28.9 million a year earlier, the company said in a report.

May 21, 2015

888 Holdings Confirms Bid for Bwin.Party

On Monday British online gaming operator 888 Holdings confirmed earlier media reports according to which the firm has submitted takeover bid for its Austrian-British competitor bwin.party. On Friday the sports bets company GVC Holdings made an offer for bwin.party, too.

May 18, 2015

Raiffeisen Informatik Wants to Sell German Unit Comparex

According to insider sources IT service provider Raiffeisen Informatik wants to sell off its German subsidiary Comparex. Investment bank Jefferies has been reportedly commissioned to handle the potential sale of the Leipzig-based subsidiary. The price could amount to EUR 350 million (USD 391 million). All three involved companies refused to comment the rumours.

May 12, 2015

Siemens Job Cuts Not to Affect Austrian Operations

Austrian facilities of German industrial giant Siemens will not be affected by the planned extensive layoffs, Siemens Austria spokesman Walter Sattlberger told APA.

May 7, 2015

TTTech Technology Buys 35 Percent in Serbia's RT-RK

Vienna-based technology company TTTech is buying 35 percent in Serbian IT engineering group RT-RK, TTTech said in a statement on Wednesday without providing the price of the deal.

May 6, 2015

Voestalpine to Expand Bulgarian Plant

Listed steel group voestalpine will conduct some EUR 2.5 million (USD 2.8 million) expansion of its Sofia-based plant and create 52 new jobs, the Bulgarian unit's representative Simeon Evtimov said.

May 6, 2015

Kapsch TrafficCom Lands Additional Deals for Electronic Toll System in Chile

Listed toll manufacturer Kapsch TrafficCom has landed additional deals in Chile.

May 5, 2015

Novomatic Continues its Shopping Spree

The Lower-Austrian gambling group Novomatic continued its shopping spree and thanks to this raised its sales by over 17 percent to EUR 1.98 billion. Profit for last year jumped to EUR 277 million in 2013 the failed investment in dayli reduced the concern's profit from EUR 402 million to EUR 55 million (USD 61.3 million).

May 4, 2015

Investors Flock for Stake in Casinos Austria

Listed casinos operator Casinos Austria is of interest to further investors as ex-chancellor Alfred Gusenbauer (in cooperation with investor Hans Peter Haselsteiner) as well as gambling groups from Israel and the US (Gaming and Leisure Properties) announced their interest, the daily Salzburger Nachrichten writes.

April 30, 2015