Merger Notification - Announcement according to § 10 Cartel Act
Platinum Equity, LLC; OT Intermediate Holding II Corporation; ASP Blade Holdings, Inc.; Oregon Tool, Inc.
BWB/Z-5612
On 12.08.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Platinum Equity, LLC (California / USA) intends to indirectly acquire all shares in and sole control over ASP Blade Holdings, Inc. (New York / USA), which indirectly holds all shares in Oregon Tool, Inc. (Portland / USA), including its direct and indirect subsidiaries.
The Proposed Transaction relates to the manufacturing and supply of cutting tool replacement parts and outdoor power equipment.
Affected industry: Mechanical Engineering
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.09.2021.
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 10.09.2021 .