Merger Notification - Announcement according to § 10 Cartel Act
Platinum Equity, LLC; SVP-Singer Holdings Inc.
BWB/Z-5455
On 09.06.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The concentration concerns the acquisition of all of the shares in and thereby sole control over SVP-Singer Holdings Inc. (Wilmington / USA) by Platinum Equity Group (Beverly Hills / USA).
The proposed concentration concerns consumer sewing machines.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.07.2021.
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 08.07.2021 .