Merger Notification - Announcement according to § 10 Cartel Act

Viessmann Werke GmbH & Co. KG; PEWO Energietechnik GmbH - BWB/Z-5137 | Bundeswettbewerbsbehörde

Viessmann Werke GmbH & Co. KG; PEWO Energietechnik GmbH

BWB/Z-5137

04.12.2020

On 04.12.2020 the following merger was notified at the Federal Competition Authority:

Planned purchase process

Viessmann Werke GmbH & Co KG, with its registered office in Allendorf (Eder), Federal Republic of Germany, intends to acquire indirectly through its subsidiary Viessmann dritte Investment GmbH & Co KG, with its registered office in in Allendorf (Eder), a shareholding corresponding to a 34.9% interest in the share capital as of January 1, 2021 and another 30% as of January 1, 2022 of PEWO Energietechnik GmbH.

Business sector concerned: Production, distribution and services in the field of system solutions in the area of cold and heat distribution.

ÖNACE-CODE F.43.22: Plumbing, heat and air-conditioning installation

Industry sector: F - Baugewerbe/Bau

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.01.2021.

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 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 28.12.2020 .

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