Merger Notification - Announcement according to § 10 Cartel Act

Cascade Corporation; Lift-Tek Elecar S.p.a. - BWB/Z-5660 | Bundeswettbewerbsbehörde

Cascade Corporation; Lift-Tek Elecar S.p.a.

BWB/Z-5660

07.09.2021

On 07.09.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Acquisition of sole control of Lift-Tek Elecar S.p.A., Italy, and Lift Technologies Inc., United States, by Cascade Corporation, United States.

 

Economic sector: Manufacture of lifting and handling equipment

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 05.10.2021.

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 06.10.2021 .

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