Merger Notification - Announcement according to § 10 Cartel Act

Sonova AG; Sennheiser Consumer Audio GmbH - BWB/Z-5593 | Bundeswettbewerbsbehörde

Sonova AG; Sennheiser Consumer Audio GmbH



On 02.08.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Sonova Holding AG intends to indirectly acquire through its subsidiary Sonova AG, with its registered seat in Stäfa, Switzerland, sole control over Sennheiser Consumer Audio GmbH together with its subsidiaries to obtain the Consumer Electronics Business of Sennheiser electronic GmbH & Co KG. Sennheiser Consumer Audio GmbH and its subsidiaries are active worldwide in the production (including the development) and distribution of headphones and
loudspeakers in the form of soundbars.

Business sector concerned: Manufacture of consumer electronics equipment, Wholesale of consumer electronics equipment

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 30.08.2021.

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 31.08.2021 .

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