Merger Notification - Announcement according to § 10 Cartel Act
Oy Danfoss Ab; Vacon Oyj
On the following merger was notified at the Federal Competition Authority:
Planned purchase process
Oy Danfoss Ab, Finland, intends to acquire the majority of the shares and sole control of Vacon Oyj, Finland, within the scope of a public takeover offer. The merger plan concerns frequency converters.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.10.2014.
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 not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 24.10.2014 .