Merger Notification - Announcement according to § 10 Cartel Act
HarbourVest Partners, LLC; Ardian France S.A.; Infoniqa Holding GmbH; Softeon Inc.
BWB/Z-6754
On 28.10.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
HarbourVest Partners, LLC (USA) and Ardian France S.A. (France) intend to each acquire purely financial passive interest in a newly set up fund, organised under Delaware (USA) law, as a result of
which HarbourVest Partners, LLC is expected to indirectly hold non-controlling equity shareholdings of >25% in each of Infoniqa Holding GmbH (Austria) and in Softeon Inc. (USA) and Ardian France S.A.
is expected to indirectly hold a non-controlling equity shareholding of >25% in Infoniqa Holding GmbH.
The transaction concerns the supply of HR software and payroll services and warehouse management software.
Economic sectors concerned: Software publishing; Computer programming, consultancy and related activities.
J - PUBLISHING, BROADCASTING, AND CONTENT PRODUCTION AND DISTRIBUTION ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 25.11.2024.
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 26.11.2024 .