Merger Notification - Announcement according to § 10 Cartel Act

TTTech Computertechnik AG; VERBUND AG - BWB/Z-6539 | Bundeswettbewerbsbehörde

TTTech Computertechnik AG; VERBUND AG



On 03.04.2024 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

TTTech Computertechnik AG, Vienna, Austria and  VERBUND AG, Vienna, Austria, intend to establish a limited liability company that will  operate in the field of energy management services. TTTech Computertechnik AG,  Vienna, Austria, will hold a 74.9% stake in the company to be founded, while VERBUND AG will indirectly hold a non-controlling stake of 25.1%. 

Industry sector: D - Energieversorgung J - Information und Kommunikation

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.05.2024.

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 03.05.2024 .

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