Merger Notification - Announcement according to § 10 Cartel Act
Veritas Holdings Ltd.; Cohesity, Inc.; Veritas Enterprise-Datensicherheitsgeschäft
BWB/Z-6548
On 08.04.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
This notification concerns the proposed acquisition by Veritas Holdings, Ltd., USA, a wholly-owned portfolio company of The Carlyle Group, Inc., of a non-controlling minority participation in the voting rights in Cohesity, Inc., USA, as consideration for a transaction whereby Cohesity, Inc. will indirectly acquire 100% of the Enterprise Data Protection business of Veritas Holdings, Ltd.
ÖNACE-Code: J-58.29 "Development and supply of other software (ie. non-gaming).
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 06.05.2024.
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 07.05.2024 .