Merger Notification - Announcement according to § 10 Cartel Act
Youco M22-H583 Vorrats-GmbH; VAC Group
BWB/Z-6243
On 12.04.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The concentration concerns the acquisition of sole control over VAC Germany Holding GmbH (Germany) and VAC Beteiligungs-GmbH (Germany) (also known as Vacuumschmelze) by Youco M22-H583 Vorrats-GmbH (Germany), an acquisition vehicle indirectly wholly-owned by entities forming Ara Fund III, a fund managed and advised by Ara Advisers, LLC (USA).
The concentration concerns rapid solidification materials, crystalline materials and permanent magnets.
Affected industry: Manufacture of basic iron and steel and of ferro-alloys and Manufacture of fabricated metal products, except machinery and equipment."
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 10.05.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 11.05.2023 .