Merger Notification - Announcement according to § 10 Cartel Act
PROM12 Management GmbH; Communardo Software GmbH
On 23.09.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
PROM12 Management GmbH, Germany, intends to acquire indirectly through a controlled fund 70 % of the shares in and thus sole control over Communardo
Software GmbH, Germany. The proposed transaction refers to information technology, in particular IT services and IT software.
Industrial sector: Other information technology and computer service activities
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.10.2022.
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 22.10.2022 .