Mergers: Commission clears acquisition of GES by Würth Group

Economia - pubblicata il 29 Agosto 2019

Fonte: ufficio stampa European Commission

The European Commission has approved, under the EU Merger Regulation, the acquisition of Grupo Electro Stocks, S.L.U. (GES) of Spain by FEGA & Schmitt Elektrogroßhandel GmbH, belonging to the group
Adolf Würth GmbH & Co. KG (Würth Group) of Germany.

GES distributes electrical and fluid materials in Spain mainly to other professionals in the construction sector. Würth Group is active in the wholesale distribution of products and
systems manufactured by third parties mainly to professional end users in trade and industry.

The Commission concluded that the proposed acquisition would raise no competition concerns given the companies’ moderate combined market position, the limited presence of Würth Group in the
relevant markets in Spain and the presence of several other players in these markets. The transaction was examined under the simplified merger review procedure.

More information is available on the Commission’s competition website, in the
public case register under
the case number

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