Merger Notification - Announcement according to § 10 Cartel Act

Intermediate Capital Group plc.; Globoforce Group plc. - BWB/Z-5737 | Bundeswettbewerbsbehörde

Intermediate Capital Group plc.; Globoforce Group plc.



On 02.11.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Intermediate Capital Group plc, United Kingdom, intends to acquire the majority of voting rights and joint control over FALCON TOPCO LIMITED, Jersey, which will indirectly hold more than 25% of the shares in Globoforce Group plc, Ireland.

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 30.11.2021.

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 01.12.2021 .

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