Merger Notification - Announcement according to § 10 Cartel Act
Saphira German Master Bidco GmbH; Siemens Energy Global GmbH & Co. KG
BWB/Z-6423
On 10.11.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Saphira German Master Bidco GmbH, Germany, an acquisition vehicle which is ultimately controlled by Triton Managers V Limited, Channel Islands, intends to acquire 100% of the shares and assets of and therefore sole control over the bushings, instrument transformers and coils business of the Siemens Energy group, currently part of Siemens Energy Global GmbH & Co. KG, Germany.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 11.12.2023.
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 12.12.2023 .