Merger Notification - Announcement according to § 10 Cartel Act
Leo BidCo GmbH; LucaNet AG
BWB/Z-5943
On 26.04.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Leo BidCo GmbH, Germany, intends to acquire more than 50% of the shares in and sole control over LucaNet AG, Germany. The acquirer is an investment vehicle controlled by companies forming the Hg Genesis 9-fund. Hg Genesis 9 is a private equity fund managed by Hg Pooled Management Limited, United Kingdom, a subsidiary of HgCapital LLP, United Kingdom.
Business sector concerned: Computer programming, consultancy and related activities
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.05.2022.
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 25.05.2022 .