21st Austria weekly - Andritz Frequentis Agrana Immofinanz Zumtobel Verbund 31/05/2021 [pic1]Andritz: International technology Group Andritz has received an order from Nine Dragons Paper Industries to supply two complete OCC lines with a capacity of 2 000 bdmt/d each their mills in China. Start-up is scheduled for the second and fourth quarter 2022 respectively.Andritz: performance: -0.83% Frequentis: ATC Solutions business unit Harris
Austria / USA / Canada (pta010/31.05.2021/08:00) - ATC Solutions business unit of Harris Canada Systems becomes Frequentis Canada ATM Ltd. Acquisition extends the Frequentis Group s technical solutions for air traffic control Position in communications solutions in the air traffic management market is strengthened, especially in North America and the UK
Orthogon joins FREQUENTIS Group
The former L3Harris Orthogon, based in Bremen, Germany, will now operate as Frequentis Orthogon. The company’s software benefits todays crowded air traffic environment through the flexible use of resources to reduce controller workload and manage air traffic queues safely and efficiently. We are pleased that we able to complete the takeover of Orthogon faster than expected. The solutions from Orthogon expand our range of services in relation to integrated total solutions in the area of air traffic management , says Frequentis CEO Norbert Haslacher. Together we can now offer our customers an even more comprehensive product portfolio with higher performance and a greater proportion of digitalisation.
The deal is expected to contribute (post-closing) revenues of around EUR30million p/a to Frequentis. In addition to such acquisitions, L3Harris and Frequentis have entered into cooperation agreements under which Frequentis will provide voice communication products for use in L3Harris large-scale solutions and services business. [more - original PR]
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