Merger Notification - Announcement according to § 10 Cartel Act

Kontron Technologies GmbH; S&T AG; HC Solutions GesmbH - BWB/Z-5178 | Bundeswettbewerbsbehörde

Kontron Technologies GmbH; S&T AG; HC Solutions GesmbH



On 23.12.2020 the following merger was notified at the Federal Competition Authority:

Planned purchase process

Kontron Technologies GmbH (hereinafter referred to as "KTEC"), with its registered office at Industriezeile 35, 4021 Linz, Austria, registered under FN 355667s, is a wholly owned subsidiary of S&T AG. S&T AG (hereinafter re-ferred to as "S&T AG",, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is an IT systems house offering a comprehensive portfolio of IT services and proprietary technology solutions in Central and Eastern Europe. With re-gard to the determination of the beneficial owner, the legal fiction applies that the members of the Management Board of S&T AG are deemed to be its ben-eficial owners. Reference is made to the identical entry in the Austrian register of beneficial owners (WiEREG).

Kontron Technologies GmbH plans to acquire 100 % of the shares in HC So-lutions GesmbH. The planned acquisition of HC Solutions GesmbH is an op-portunity for Kontron Technologies GmbH and the S&T Group to expand and deepen their service portfolio in the area of software development.

HC Solutions GesmbH is a limited liability company under Austrian law, with its registered office and business address at Dauphinestraße 5, 4030 Linz, hereinafter referred to as "HC Solutions", registered with the Linz Regional Court under FN 115314 f. HC Solutions GesmbH offers development services in the software sector, primarily in Austria.

Principal activity concerned: Programming activities

Industry sector: J - Information und Kommunikation

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.01.2021.

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 21.01.2021 .

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