Merger Notification - Announcement according to § 10 Cartel Act
ABB Ltd; Power Tech Group
On 20.09.2022 the following merger was notified at the Federal Competition Authority:
Planned purchase process
ABB Ltd, Switzerland intends to acquire the German and USPowerTeсh Converter Business of FTC Rail OEM GmbH, Germany, РТС Rail Services GmbH, Germany, and PowerTech Converter Corp, USA (the "PTC Business'), and thereby sole control of the РТС Business.
Business sector concerned: Manufacturing of electric motors, generators and transformers; Repair and maintenance of vehicles n.e.c (incl. rail vehicles).
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 18.10.2022.
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 19.10.2022 .