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Mergers: Commission clears acquisition of joint control over Jetfly by Pierer Industrie, Palfinger and FSS  

15/04/2021 | Economia |  Daily News 13/04/2021

Source: European Commission Spokesperson's Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Jetfly Airline GmbH (‘Jetfly’) by Pierer Industrie AG, Palfinger AG and FSS Vermögensverwaltung GmbH (‘FSS’), all of Austria. Jetfly is an airline operator primarily active in Austria providing commercial charter services. Pierer Industrie is an industrial investment group active globally in the production and distribution of motorcycles, electric bicycles and components used for various mechanical systems. Palfinger is a global manufacturer of hydraulic lifting and loading devices used in various vehicles and other equipment. FSS is a global asset management company with a diversified portfolio of interests in the production of tools and technical moulded parts, research and development of high-tech systems for the automotive industry and of information and communication technologies, as well as digital signage. The Commission concluded that the proposed acquisition would raise no competition concerns given its limited impact in the European Economic Area and the lack of horizontal overlaps and vertical links between the activities of the companies involved. 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.10185

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