Merger Notification - Announcement according to § 10 Cartel Act
Equistone Partners Europe Limited; TIMETOACT Software & Consulting GmbH
BWB/Z-5405
On 06.05.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Equistone Partners Europe Limited, the investment manager for the Equistone private equity group, seated in London, United Kingdom, intends to acquire 52.65% of the shares in and thereby sole control over TIMETOACT Software & Consulting GmbH, Cologne, Germany and its subsidiaries.
Economic Sector: Computer programming, consultancy and related activities.
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.06.2021.
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 05.06.2021 .