Merger Notification - Announcement according to § 10 Cartel Act

Investindustrial VI LP; ODE Group - BWB/Z-5196 | Bundeswettbewerbsbehörde

Investindustrial VI LP; ODE Group



On 11.01.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Investindustrial VI LP (UK), through Ceme S.p.A. (Italy), intends to acquire all shares in (i) ODE (HK) Company Limited (Hong Kong); (ii) Whale Enterprise Limited (China), (iii) ODE S.r.l. (Italy) and indirectly (iv) ACL S.r.l. (Italy), all pertaining to a unique group. 

The following Austrian NACE code is concerned: Manufacture of hydraulic and pneumatic components and systems.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 08.02.2021.

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 09.02.2021 .

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