Merger Notification - Announcement according to § 10 Cartel Act
Austro Holding GmbH; S&T AG; Echelon Corp.
On the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Acquisition of 40% of the shares of NES by S&T AG, acquisition of 60% of the shares of NES by Austro Holding GmbH. Acquisition of all Assets in connection with the Smart Grid business of the ECHELON Corp. by NES. The merger plan concerns the software area, services IT, sales by IT hardware and the development and the sales of Smart Grid solutions.
Industry sector: S - Erbringung von sonstigen Dienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 06.10.2014.
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 waived their right to apply for examination of the merger by the Cartel Court before the deadline. The standstill obligation (§ 17(1) Cartel Act) ends with effect from 26.09.2014 .