Merger Notification - Announcement according to § 10 Cartel Act
Zama Corporation Limited; Elrad International d.o.o; ZE Electronic Manufacturing
BWB/Z-5218
On 19.01.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Zama Corporation Limited, Hong Kong ("Zama"), an affiliated undertaking of the German STIHL-Group, and Elrad International d.o.o., Slovenia ("Elrad"), intend to establish a joint venture named ZE Electronic Manufacturing Services Ltd. seated in Hong Kong ("ZE"). Currently, Zama holds 100% of the shares in ZE. Post-merger, Zama will hold 51% and Elrad 49% of the shares in ZE.
Economic Sector: Manufacture of electronic components and boards
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.02.2021.
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 17.02.2021 .