Merger Notification - Announcement according to § 10 Cartel Act
Voith Industrieverwaltung GmbH; Weifu High-Tech Group Co, Ltd
BWB/Z-6680
On 13.08.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Weifu High-Tech Group Co, Ltd, PR China ("WHT"), will acquire indirectly 40 % of the shares in Voith HySTech GmbH, Germany ("German JV"), a subsidiary of Voith Industrieverwaltung GmbH, Germany. Subsequently, the German JV and WHT will establish a Chinese subsidiary, in which the German JV will hold 49 % and WHT will hold 51 % of the shares.
Economic Sector: Manufacture of other parts and accessories for motor vehicles.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 10.09.2024.
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.
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 11.09.2024 .