Merger Notification - Announcement according to § 10 Cartel Act

Pierer Industrie AG; abatec group AG - BWB/Z-5297 | Bundeswettbewerbsbehörde

Pierer Industrie AG; abatec group AG



On 10.03.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Pierer Industrie AG, headquartered in Wels, Austria intends to acquire (a further) 49% of the shares, and thus sole control, in abatec group AG, headquartered in Re-gau, Austria.

Economic sector concerned: Electronics Manufacturing Services.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.04.2021.

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 08.04.2021 .

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