Merger Notification - Announcement according to § 10 Cartel Act

Schneider Group; ETAP Group - BWB/Z-5221 | Bundeswettbewerbsbehörde

Schneider Group; ETAP Group



On 21.01.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

The notified transaction concerns the planned indirect acquisition of 100% of the equity shares and sole control of Operation Technology, Inc., USA, ETAP Automation, Inc., USA, and ETAP Automation DMCC, UAE by Schneider Electric Holdings, Inc., USA (a wholly-owned subsidiary of Schneider Electric SE, France).

Fields of activity: Electrical power systems software

Industry sector: J - Information und Kommunikation

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 18.02.2021.

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 19.02.2021 .

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