Merger Notification - Announcement according to § 10 Cartel Act

The Timken Company; Erwerb der Kapitalanteile am GGB Geschäftsbereich der EnPro Holdings, Inc - BWB/Z-6096 | Bundeswettbewerbsbehörde

The Timken Company; Erwerb der Kapitalanteile am GGB Geschäftsbereich der EnPro Holdings, Inc

BWB/Z-6096

03.10.2022

On 30.09.2022 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

The Timken Company, USA, intends to acquire (directly and indirectly) all equity interests in EnPro Holdings, Inc.’s GGB business from EnPro Holdings, Inc. The GGB business consists of the equity interests in (i) GGB LLC, USA; (ii) GGB U.S. Holdco LLC, USA, and its subsidiaries in Austria (GGB Austria GmbH), Germany, Italy and Switzerland as well as in China and Brazil, and Nautilus Solutions, LLC, USA; (iii) GGB France E.U.R.L., France, and indirectly of Tribochem LDA, Portugal, as well as in GGB Newco, LLC, USA, in GGB Slovakia s.r.o., Slovakia, in GGB Heilbronn GmbH, Germany, and in Garlock India Private Limited, India. 

The Transaction concerns the production and sale of journal plain bearings. The business sector concerned is: (Manufacture of bearings, gears, gearing and driving elements) and (Wholesale of other machinery and equipment). 

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.10.2022.

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 29.10.2022 .

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