Mergers: Commission clears acquisition of GES by Würth Group
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 M.9437.