Merger Notification - Announcement according to § 10 Cartel Act
North Star LuxCo S.à r.l.; Financial Automation Holding GmbH
BWB/Z-5663
On 09.09.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
North Star LuxCo S.à r.l. (Luxembourg / Luxembourg) intends to indirectly, through its wholly-owned subsidiary North Star HoldCo GmbH (Munich / Germany), acquire more than 50% of the shares in and sole control over Financial Automation Holding GmbH (Hamburg / Germany), including its direct and indirect subsidiaries. The proposed concentration concerns software solutions for financial automation and global B2B payments to business customers across different industries.
Affected industry: Provision of information technology services
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.10.2021.
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 08.10.2021 .