Merger Notification - Announcement according to § 10 Cartel Act
Navy Aggregator LP; AQ Software LLC
BWB/Z-5710
On 18.10.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Navy Aggregator LP, which is solely controlled by HGCapital LLP, intends to indirectly acquire a non-controlling interest of more than 25% of the shares in AQ Software LLC.
Post-closing, TA associates will remain the biggest shareholder of AQ Software LLC.
Economic Sector: Enterprise application software
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 15.11.2021.
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 16.11.2021 .