Merger Notification - Announcement according to § 10 Cartel Act
Daimler Truck AG; Mitsubishi Fuso Truck and Bus Corporation; Toyota Motor Corporation; Hino Motors Limited
BWB/Z-6970
On 17.06.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
This notification concerns the proposed transaction by which Daimler Truck AG, Germany ("DTAG") and Toyota Motor Corporation, Japan ("Toyota") intend to combine DTAG’s solely controlled subsidiary, Mitsubishi Fuso Truck and Bus Corporation, Japan ("MFTBC") and Toyota’s solely controlled subsidiary, Hino Motors Limited, Japan ("Hino"), under a holding company (“HoldCo”) newly established by Hino. MFTBC and Hino will become wholly owned subsidiaries of HoldCo. It is intended that each of DTAG and Toyota will hold non-controlling economic interests of at least 25% in Holdco, and thus, indirectly in MFTBC and Hino which are mainly active in the production and supply of commercial vehicles, i.e. trucks and buses.
ÖNACE Code: Manufacture of motor vehicles, trailers and semi-trailers; Wholesale of motor vehicles, motorcycles and related parts and accessories.
C - MANUFACTURING C 29 - Manufacture of motor vehicles, trailers and semi-trailers, C 29.1 - Manufacture of motor vehicles, C 29.2 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers, G - WHOLESALE AND RETAIL TRADE, G 46 - Wholesale trade, G 46.7 - Wholesale of motor vehicles, motorcycles and related parts and accessories, G 46.71 - Wholesale of motor vehicles, G 46.72 - Wholesale of motor vehicle parts and accessories, G 46.73 - Wholesale of motorcycles, motorcycle parts and accessories
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 15.07.2025.
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 16.07.2025 .