Mirko Kovats

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Mirko Kovats (born 3 August 1948) is an Austrian businessman and investor mainly known for his role as founder, majority owner (indirectly, through his private foundation known as "MUST") and chairman of A-TEC Industries, which was one of the largest industrial groups in Austria until it went bankrupt in 2014. He has been cited as a representative example of a businessman in Austria who places shareholder value above all else. Kovats was born in Vienna, Austria, in 1948. He studied Commercial Sciences at the University of World Trade and gained a doctorate at the age of 23 years. He is married and has two sons. After graduation Kovats worked in the 1980s as a dealer in machines with the Comecon countries. After the 1989 collapse of the Soviet bloc, he entered a new field of employment, developing office and hotel projects and investing in real estate. In the 1990s Kovats participated, together with his partner Franz Mock, in several nightclubs (including U4 in Vienna, A2 South Pole in Vösendorf, and Tanzpalast in Baden, Dorian Gray in Korneuburg). From the end of the 1990s Kovats began building his group A-TEC Industries. He laid the foundation in 1997 by acquiring 50% of the shares in the then insolvent Salzburg machine tool factory Emco.