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Austrian Technology Industry Headlines

AMS Acquires Image Sensor Producer CMOSIS for EUR 220 Million

Listed Styrian AMS will take over the Belgian provider of image sensors CMOSIS for EUR 220 million . ams will acquire a 100percent stake in CMOSIS with headquarters in Antwerp ams announced early on Friday.

November 20, 2015

Serbian Subsidiary Vip of Telekom Austria Buys Frequencies

Vip mobile, the Serbian subsidiary of Telekom Austria, has bought mobile frequencies for EUR 35 million. Vip mobile will use 2 x 5 MHz in the 800MHz range to introduce the new mobile telephony standard LTE, Telekom Austria announced at its homepage.

November 19, 2015

Austrian Army to Replace Old Planes

The old training planes Saab 105 of the Austrian army may be soon replaced with leased jets, it follows from a statement of Defence Minister Gerald Klug (SPÖ) to the budget committee of the Austrian parliament. The Swedish planes supporting Eurofighters in the task of controlling the airspace, were used first 45 years ago, so a replacement is needed.

November 19, 2015

Online Retail Growing Faster in Austria than in Germany

The online retail in Austria has been growing faster than it has in Germany, a new survey indicates. The 250 biggest online shops in Austria generated a revenue of EUR 2.1 billion (USD 2.24 billion), which marks an increase of 11.6 percent, whereas in Germany the growth was 9 percent. The concentration on the market, led by Amazon, continues.

November 18, 2015

The Congo: Andritz Hopes for Large Order from World’s Biggest Power Plant

In Congo, near Kinshasa, the biggest hydro power plant of the world is supposed to be built. The giant power plant, together with its existing sections, will cover a half of Africa’s demand for electricity.

November 17, 2015

Voestalpine Increased Revenue by 4.1% in First Half 2015/16

In the first half of the business year 2015/16 (April 1 to September 30), the steel group Voestalpine continued its performance despite an economic environment that – viewed globally – is inconsistent. In a year-to-year comparison, it increased its revenue by 4.1% from EUR 5.6 billion to EUR 5.8 billion.

November 11, 2015

Bet-at-Home Pretax Profit Increased by 29 Percent

Online gambling provider bet-at-home substantially raised its profits in the first three quarters of 2015. Pretax profit increased by almost 29 percent to EUR 23.1 million.

November 10, 2015

Voestalpine Set to Buy Small US Steel Firm

Listed steel group Voestalpine plans to buy a small steel company in Wisconsin, US, the company said.

November 4, 2015

Samsung Austria Fined EUR 1.05 Million for Price Collusion

Electronics group Samsung has to pay a fine of EUR 1.05 million (USD 1.2 million) for price collusion in Austria. The antitrust court decided on 9 September against Samsung Electronic Austria GmbH, the competition watchdog Bundeswettbewerbsbehörde (BWB) reported today.

November 4, 2015

Voestalpine Opens New Plant in China

Today Voestalpine opened a new plant in Shenyang in China. The plant will produce car body components. The investment cost EUR 25 million (USD 27.4 million). At the first stage 70 employees will be working at the location.

October 29, 2015