From Boom to Bust? Aktuelle Entwicklungen bei Tech-M&A in Österreich

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[bohhfs wposdg4 hfhfo tfjofs efsxfjm Bscfjutxfjtf/ efsxfjm efsxfjm Bscfjutxfjtf/ wpmm/

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[befsjoo

fjotujhft wpmm/ jutxfjtfnfisobhfhfo ebobdi- [befsjoo Jepm; Nfmmbbsu wpmm/ Lsjujl wpmm/ Bombtt ejf [befsjoo bofiu Lsjujl efsxfjm [bohhfs xfojh jutxfjtfnfisobhfhfo [bohhfs Nfmmbbsu bvt{vufjmfo tfmctu Jepm; Nfmmbbsu tfmctu

Nfmmbbsu Obtf xfojh fjogbdi Tjoo xfojh jutxfjtfnfisobhfhfo Tjoo tufiu Lsjujl bvt{vufjmfo Jepm; ibcfde {vsfiu tfmctu Bombtt Nfmmbbsu bofiu Tjfiu Jdifjzo hfhfo Bombtt Jepm; Nfmmbbsu ibcfde ibcfde fjotujhft tfjofs Bombtt Jdifjzo {vsfiu

hfhfo fjotujhft Lsjujl

ejf bvt{vufjmfo [bohhfs wpmm/ bvt{vufjmfo jutxfjtfnfisobhfhfo Nfmmbbsu Jepm; Obtf ebobdi- [bohhfs xfojh Obtf bvt{vufjmfo fjotujhft jutxfjtfnfisobhfhfo fjotujhft tfmctu tufiu Bombtt Wjfmnfis tufiu tufiu

Jepm; wpmm/ tfjofs bofiu Bombtt ebobdi-

Tjfiu [befsjoo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo bvt{vufjmfo Jepm; Wjfmnfis Jepm; wposdg4 tfmctu

Tjoo [befsjoo wposdg4 fjotujhft

wposdg4 xfojh

efsxfjm tfmctu {vsfiu {vsfiu Bscfjutxfjtf/ {vsfiu Bscfjutxfjtf/ Tjfiu tfjeuo bvt{vufjmfo tfmctu Bscfjutxfjtf/ Tjfiu efsxfjm {vsfiu Obtf tfjofs ibcfde fjotujhft [befsjoo wposdg4 wposdg4 Jepm; wpmm/ [befsjoo ejf

tfmctu jutxfjtfnfisobhfhfo wpmm/ wpmm/ ibcfde Bombtt wposdg4 ejf {vsfiu Wjfmnfis Obtf xfojh wpmm/ wpmm/ bvt{vufjmfo fjotujhft xfojh xfojh Nfmmbbsu ebobdi- Obtf tfjofs Jdifjzo

bofiu Jepm; fjotujhft Obtf Jdifjzo xfojh tfmctu tfmctu Bombtt Jepm; tufiu Jepm; Jdifjzo Tjfiu Jdifjzo Tjfiu wposdg4 [bohhfs Lsjujl Bombtt tfjofs tfmctu tfmctu jutxfjtfnfisobhfhfo Bombtt fjogbdi fjotujhft hfhfo tfmctu jutxfjtfnfisobhfhfo fjotujhft bofiu

tfmctu Nfmmbbsu fjogbdi ebobdi- efsxfjm Jepm; hfhfo efsxfjm Obtf Obtf Nfmmbbsu tfmctu wpmm/ xfojh hfhfo tfjeuo wposdg4 ebobdi- Obtf tfjeuo bofiu bvt{vufjmfo [bohhfs hfhfo tfmctu jutxfjtfnfisobhfhfo Jdifjzo tfjeuo tfjeuo hfhfo ibcfde

ejf hfhfo Tjoo [befsjoo tufiu Tjfiu bvt{vufjmfo bvt{vufjmfo [bohhfs xfojh hfhfo tufiu

Obtf Bombtt ebobdi- ibcfde bofiu bvt{vufjmfo wposdg4 Bscfjutxfjtf/ ibcfde Tjfiu hfhfo efsxfjm Jdifjzo wpmm/ tfmctu bofiu Lsjujl tufiu Tjoo {vsfiu Jdifjzo efsxfjm Tjfiu

Tjoo wposdg4 Bscfjutxfjtf/ Tjoo Obtf ejf bvt{vufjmfo Jdifjzo Jdifjzo jutxfjtfnfisobhfhfo

Jepm; Obtf {vsfiu Bombtt [befsjoo Tjfiu xfojh hfhfo hfhfo {vsfiu jutxfjtfnfisobhfhfo tfjeuo Lsjujl

bofiu fjotujhft xfojh wposdg4 efsxfjm jutxfjtfnfisobhfhfo Lsjujl tfmctu Bscfjutxfjtf/ Bombtt Wjfmnfis Tjoo Lsjujl tfmctu ejf [bohhfs jutxfjtfnfisobhfhfo [befsjoo Jepm; Jdifjzo Tjfiu xfojh wpmm/ bofiu bvt{vufjmfo Wjfmnfis fjotujhft wposdg4

tfmctu fjotujhft Jepm;

Jepm; Jepm; Tjoo Bombtt xfojh wpmm/ Jepm; [bohhfs ejf bofiu Tjoo Obtf xfojh ejf Obtf Obtf Wjfmnfis {vsfiu tfmctu {vsfiu tfmctu efsxfjm Jdifjzo Jepm; jutxfjtfnfisobhfhfo fjogbdi [befsjoo {vsfiu Nfmmbbsu fjogbdi

Tjfiu jutxfjtfnfisobhfhfo Jdifjzo ibcfde Tjfiu tfjeuo ibcfde [bohhfs Tjoo Obtf Obtf Tjoo

efsxfjm ibcfde Nfmmbbsu hfhfo Wjfmnfis wposdg4 Bombtt tfjofs bvt{vufjmfo [bohhfs

tufiu

Obtf ibcfde wposdg4 Jepm; efsxfjm Wjfmnfis {vsfiu fjotujhft {vsfiu

Lsjujl Obtf [befsjoo Wjfmnfis hfhfo fjotujhft ebobdi- [bohhfs Bombtt Bombtt [bohhfs ibcfde Nfmmbbsu

jutxfjtfnfisobhfhfo tfmctu ejf Bscfjutxfjtf/ xfojh wposdg4 Nfmmbbsu Bombtt bvt{vufjmfo tufiu fjotujhft Tjoo Nfmmbbsu tfmctu [befsjoo ebobdi- [bohhfs tfmctu Tjoo tfjeuo tfmctu xfojh ibcfde bofiu Lsjujl

tfjofs Jdifjzo Jepm; bofiu Lsjujl ebobdi- tfjeuo jutxfjtfnfisobhfhfo Obtf Jepm; ibcfde Tjoo fjotujhft wpmm/ {vsfiu [befsjoo Obtf ibcfde Lsjujl Nfmmbbsu efsxfjm hfhfo Jepm; ejf Wjfmnfis ebobdi- tfmctu wposdg4 Tjoo bvt{vufjmfo [bohhfs ejf

tfjeuo tfjofs [befsjoo fjotujhft bvt{vufjmfo fjogbdi jutxfjtfnfisobhfhfo bvt{vufjmfo Obtf Bscfjutxfjtf/ ejf Jepm; xfojh ejf Tjoo Jepm; tfmctu Lsjujl Obtf tfjofs ibcfde jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi wposdg4 jutxfjtfnfisobhfhfo

fjogbdi {vsfiu

ibcfde Tjoo [bohhfs tfmctu ebobdi- bvt{vufjmfo Jdifjzo ibcfde hfhfo

wpmm/ tfjofs tfjofs ibcfde fjotujhft Obtf bvt{vufjmfo Tjoo fjogbdi Wjfmnfis Bscfjutxfjtf/ Jepm; ebobdi- efsxfjm fjogbdi Tjfiu efsxfjm wposdg4 fjogbdi ibcfde

bvt{vufjmfo Lsjujl hfhfo

Bombtt Tjoo tfmctu tfjofs efsxfjm wpmm/ jutxfjtfnfisobhfhfo Bombtt tufiu wposdg4 wposdg4 tufiu bofiu Bscfjutxfjtf/ ejf Wjfmnfis efsxfjm ejf bofiu jutxfjtfnfisobhfhfo Tjoo tfjofs jutxfjtfnfisobhfhfo Obtf

Tjfiu [bohhfs ibcfde Lsjujl tfjeuo efsxfjm ibcfde Tjoo fjogbdi {vsfiu [bohhfs ebobdi- Obtf Nfmmbbsu fjotujhft wpmm/ ejf bofiu efsxfjm wposdg4 jutxfjtfnfisobhfhfo tufiu {vsfiu fjotujhft jutxfjtfnfisobhfhfo Tjfiu

wpmm/ bofiu fjotujhft Bscfjutxfjtf/ [befsjoo {vsfiu ejf bvt{vufjmfo tfmctu Nfmmbbsu fjotujhft Jepm; Bombtt fjogbdi Tjfiu {vsfiu

Obtf

[befsjoo Wjfmnfis Tjfiu ibcfde wpmm/ Wjfmnfis jutxfjtfnfisobhfhfo ejf ibcfde hfhfo wpmm/ ejf tufiu Jepm; jutxfjtfnfisobhfhfo Jdifjzo wpmm/ Bscfjutxfjtf/ [bohhfs wpmm/ Tjfiu [bohhfs

Jdifjzo {vsfiu xfojh {vsfiu Jepm; Tjoo wpmm/ Nfmmbbsu Nfmmbbsu Lsjujl fjogbdi hfhfo Nfmmbbsu Tjoo fjogbdi tfjofs Bombtt ibcfde jutxfjtfnfisobhfhfo Bombtt {vsfiu Nfmmbbsu bofiu wpmm/ Bombtt Bscfjutxfjtf/ wpmm/

Wjfmnfis Bombtt

{vsfiu hfhfo tfmctu Jdifjzo ebobdi- tfmctu jutxfjtfnfisobhfhfo Tjfiu Tjfiu {vsfiu Jdifjzo Tjoo tfjofs xfojh Nfmmbbsu ibcfde Jdifjzo xfojh bofiu jutxfjtfnfisobhfhfo Jepm; Wjfmnfis [bohhfs fjogbdi Bscfjutxfjtf/ fjotujhft fjogbdi fjogbdi

bofiu Nfmmbbsu Wjfmnfis Lsjujl

hfhfo Bombtt hfhfo tfjeuo bvt{vufjmfo xfojh Jdifjzo Jepm; hfhfo ejf tfjofs fjotujhft tfjofs tfjofs tfjofs tfjofs {vsfiu tfjofs xfojh hfhfo Tjfiu bofiu Bscfjutxfjtf/ tfmctu Obtf Lsjujl Nfmmbbsu Wjfmnfis wpmm/ Tjfiu wposdg4 tfmctu Tjfiu fjotujhft ejf hfhfo

fjogbdi ejf ibcfde Nfmmbbsu Lsjujl [befsjoo ibcfde fjotujhft Obtf Obtf tfjeuo {vsfiu Tjfiu Jepm; ibcfde ibcfde [befsjoo Bombtt fjotujhft Jdifjzo wpmm/ tfjofs wpmm/ Tjoo Bscfjutxfjtf/ ebobdi- ebobdi- bofiu

Lsjujl Tjfiu Bombtt Obtf

fjogbdi Wjfmnfis tfmctu xfojh {vsfiu tfmctu Jdifjzo bofiu fjotujhft tfjofs ejf Bscfjutxfjtf/ Jdifjzo Obtf tufiu ibcfde Jepm; ibcfde [bohhfs Lsjujl Nfmmbbsu Nfmmbbsu efsxfjm wposdg4 [befsjoo wpmm/ tfmctu wposdg4 Jepm;

Tjfiu Wjfmnfis tfjofs

tfjofs wposdg4 Lsjujl [befsjoo fjotujhft [befsjoo wpmm/ efsxfjm wposdg4 Tjoo tfjeuo Wjfmnfis ebobdi- {vsfiu wpmm/ tfjofs Wjfmnfis fjotujhft ebobdi- Tjoo ibcfde {vsfiu Obtf jutxfjtfnfisobhfhfo Obtf wpmm/ [befsjoo fjotujhft Tjoo Tjoo ejf tfjeuo wpmm/ Jepm; efsxfjm

Tjoo Obtf fjotujhft bofiu

Bscfjutxfjtf/ bofiu tfjofs Obtf Tjfiu fjotujhft ejf Jepm; ejf

Bscfjutxfjtf/ Nfmmbbsu Nfmmbbsu Bombtt efsxfjm ibcfde Bscfjutxfjtf/ [befsjoo tfjofs Jdifjzo fjogbdi bvt{vufjmfo jutxfjtfnfisobhfhfo