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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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Austria stands out due to its long-term reliable and stable conditions. These features are particularly important for a research-based company such as Boehringer Ingelheim. Furthermore, Vienna is a city with a good research infrastructure and a high quality of life, and is thus also an interesting place for highly qualified employees from Austria and abroad.

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