Babcock Wanson Group SAS; Ambienta SGR S.p.A; Kartesia Management S.à r.l

On 29.05.2024 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Ambienta SGR S.p.A, (Italy) contemplates to acquire approx. 57.8% of the shares in Sustain Holding SAS (France), which will become the sole parent company of Babcock Wanson Group SAS (France), and thereby indirect sole control over Babcock Wanson Group SAS and all its subsidiaries.

Babcock Wanson Group SAS is a company that designs and manufactures mainly industrial heating equipment and is also active in the supply of services associated with these products. Ambienta SGR S.p.A is a European investor focusing on sustainable development.

The following Austrian NACE codes are concerned: manufacture of steam boilers (excluding central heating boilers)); C 28.21 (manufacture of ovens and burners).

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 26.06.2024.

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.

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