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Austria.
Dynamic Business Location.

Specialization of Austria’s top companies in demand

illustration: China © pixabay

The high level of specialization on the part of Austria’s top companies is an important factor in M&A activities from Asia.

In 2017, five transactions were implemented by Chinese companies in Austria. Tele2 was acquired by the telecommunications group Hutchison Drei. The conglomerate HNA Group became the majority owner of the Vienna fund company C-Quadrat. The Chinese Haier Group purchased a stake in the Carinthian solar firm GREENoneTEC. The aviation producer Diamond Aircraft based in Wiener Neustadt became part of the Chinese Wanfeng Aviation Industry Corporation, and PIA Automation Holding owned by Ningbo Joyson Electronic took control of the Styrian automation specialist M&R Automation.

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Located in the heart of Europe, Austria offers an optimal base for our internationally orientated business. The great funding options as well as the support of institutions such as ABA – Invest in Austria and the Vienna Business Agency have turned out to be real USPs for the business location Austria. More and more skilled workers are drawn to Austria, because of it’s high living standard. This has helped us tremendously finding highly qualified employees for our company. We feel right at home within the steadily growing international ecosystem and easily built a network with local parties. One can feel the spirit and the will to grow into a bigger startup hub like Germany or Sweden. We hope, that by sharing our positive experiences, we can help attract more global talent to come to Austria.

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