Merger Notification - Announcement according to § 10 Cartel Act
Mutares SE & Co. KGaA; Prinz Kinematics GmbH
BWB/Z-6432
On 24.11.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
“Acquisition of 100% of the shares in and sole control of Prinz Kinematics GmbH, Germany, including its subsidiaries WST Kinematics Bulgaria EOOD, Bulgaria, and PRINZ Kinematics (Shenyang) Co. Ltd, China, by mutares Holding-28 GmbH, Germany, a wholly owned subsidiary of Mutares SE & Co. KGaA, Germany.
The proposed transaction concerns the market for the development and production of hinges for doors, front and tailgates made of metal, locking and latching systems, structural components and safety systems for the automotive industry.
ÖNACE Codes C29.3 - Manufacture of parts and accessories for motor vehicles
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 22.12.2023.
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 23.12.2023 .