Merger Notification - Announcement according to § 10 Cartel Act
Invest Unternehmensbeteiligungs Aktiengesellschaft; Raiffeisen OÖ Invest GmbH & Co KG; Grünwald Holding GmbH
BWB/Z-5263
On 16.02.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The envisaged transaction consists of the acquisition of a stake of together 20%, namely by Invest Unternehmensbeteiligungs Aktiengesellschaft (economic owner: Privatstiftung für die Standorterhaltung in Oberösterreich) of a stake of 15% and the Raiffeisen OÖ Invest GmbH & Co OG of a stake of 5%, combined with the acqusition of joint control of GKI Verwaltungs GmbH, which holds 100% of PMS Elektro- und Automationstechnik GmbH and 74,9% of PMS valve Tec GmbH.
Prior to the envisaged transaction,
- the current 50% owner of GKI Verwaltungs GmbH, Alpha 324 Besitz GmbH, whose beneficial owner is Ing. Franz Grünwald, acquires 100% in AKRO Beteiligungs GmbH (beneficial owner: Alfred Krobath), which holds the remaining 50% of GKI Verwaltungs GmbH
- GKI Verwaltungs GmbH acquires 3% of PMS Elektro- und Automationstechnik GmbH from each of the previous shareholders Ing. Franz Grünwald and Alfred Krobath, so that GKI Verwaltungs GmbH will hold 100% of PMS Elektro- und Automationstechnik GmbH.
In the future, Invest Unternehmensbeteiligungs Aktiengesellschaft, Raiffeisen OÖ Invest GmbH & Co OG and Grünwald Holding GmbH will have indirect joint control over (i) PMS Elektro- und Automationstechnik GmbH and (ii) PMS valve Tec GmbH together with Ing. Roman Dengg.
Economic sectors concerned: Production of industrial electrotechnical facilities
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.03.2021.
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 17.03.2021 .