23/01/2020  h. 01:15   
   Overview   |  
Mergers: Commission clears acquisition of GES by Würth Group

29/08/2019 | Economy | 

 Press release 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.

Wikio OkNotizie! Google! Facebook! Technorati!

Last news - All topics
13 December 2019
Courses & Conferences
  The German market of the mechanic supply
20 July 2018
  2.200 people to the Prosecco Cycling event in the Unesco hills.
30 September 2019
  January 2020: Aperitivo della Camera in Tokyo
2 January 2020
Et cetera
  How to get to Cortina from Treviso
30 December 2019