Merger Notification - Announcement according to § 10 Cartel Act
I Squared Capital Advisors (US) LLC; ENTEK Technology Holdings LLC
BWB/Z-7049
On 22.08.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds managed by I Squared Capital Advisors (US) LLC (USA) intend to acquire an interest of approximately 63.3% of the shares in and sole control over ENTEK Technology Holdings LLC (USA).
ÖNACE Code: Manufacture of batteries and accumulators.
C - MANUFACTURING C 27 - Manufacture of electrical equipment, C 27.2 - Manufacture of batteries and accumulators, C 27.20 - Manufacture of batteries and accumulators
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.09.2025.
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 20.09.2025 .