Merger Update: Siemens / Heliox

RNS Announcement

RNS Number : 4303R

Competition and Markets Authority

27 October 2023

START OF CMA MERGER INVESTIGATION: ANTICIPATED ACQUISITION BY SIEMENS INTERNATIONAL HOLDING BV, A WHOLLY OWNED SUBSIDIARY OF SIEMENS AG (SIEMENS), OF CHARGECO TOPHOLDING BV (HELIOX)

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 27 October 2023 and has a deadline of 22 December 2023 for its phase 1 decision.

Invitation to comment: closes Friday 10 November 2023.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above to:

Principal Case Officer name: Lavinia de Havilland

Tel no: 020 3738 6385

Email: lavinia.dehavilland@cma.gov.uk

Case Officer name: Federico Torrigiani

Tel: 020 3738 6718

Email: federico.torrigiani@cma.gov.uk

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MERUNSRROKURUAA

RNS metadata

Title: Merger Update: Siemens / Heliox
Time: 07:00:06
Date: 27 Oct 2023
Category: Acquisitions and alliances
ID: 4303R