Kapsch and Bartenstein battle for IV top post, reports claim

Georg Kapsch is rumoured to follow Veit Sorger as president of the Federation of Austrian Industries (IV).Business newspapers report today (Weds) that the head of IT firm Kapsch TrafficCom AG has the best chances of heading the body. Sorger’s term only ends in around two years, but the institution is allegedly interested in clarifying the question of who succeeds him.Kapsch TrafficCom AG is a family business which specialises in road toll infrastructures. Firm chief Georg Kapsch has been president of the IV’s Vienna branch since 2008.Its Swedish subsidiary Kapsch TrafficCom Sweden was recently assigned to equip a motorway near Thai capital Bangkok with a toll system for around seven million Euros.Former People’s Party (ÖVP) Economy Minister Martin Bartenstein is also in the running to become new IV president.