Merger Notification - Announcement according to § 10 Cartel Act
Philips Holding USA Inc.; Vita Topco, Inc.
BWB/Z-5242
On 02.02.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Koninklijke Philips N.V. (Amsterdam / The Netherlands) intends to indirectly acquire (through selected Philips entities) Vita Topco, Inc. (San Francisco / United States), the holding company of Capsule Technologies, Inc. (Andover / United States).
The proposed concentration primarily concerns the development and marketing of software and hardware solutions that provide medical device integration.
Affected industry: Other information technology and computer service activities
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.03.2021.
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 03.03.2021 .