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MERGERS: AMO SR approved the merger of Hans Wilms Beteiligungs-GmbH and nkt cables automotive, s.r.o.

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On 2 March 2017 the Antimonopoly Office of the Slovak Republic, the Division of Concentrations, (hereafter “the Office”) approved the merger grounded in the acquisition of indirect exclusive control of the undertaking Hans Wilms Beteiligungs-GmbH seated at Fröndenberger Straße 27-29, 58706 Menden, the Federal Republic of Germany (hereafter “HWB”) over the undertaking nkt cables automotive, s.r.o., seated at Českých bratří 509, 543 01 Vrchlabí, the Czech Republic (hereafter “NKT”).
The undertaking HWB belongs to the economic group Wilms Group, which operates in field of the production of cables, engineering and design solutions, in the field of real estate and in the automotive industry. None of the companies of Wilms Group operates in the territory of the Slovak Republic directly, it does only as a foreign supplier, namely to a limited extent. The notifier controls exclusively the company GEFE Consulting, s.r.o., seated at Pobřežní 394/12, Karlín, 186 00 Prague 8, the Czech Republic, through which the merger is implemented.
The acquiree undertaking NKT was established by allocating from the manufacturing plant in Vrchlabí in the Czech Republic from the company nkt cables, s.r.o., seated at Průmyslová 1130, 272 01 Kladno, the Czech Republic. The undertaking NKT produces cables for the automotive industry, flexible cables and strings and special cables. In the territory of the Slovak Republic it operates as a foreign supplier.
The Office found that at none of the alternatives of product market and geographical market of the automotive cables, flexible cables and strings, as well as special cables, have been identified affected markets horizontally. Neither the affected market has been identified in terms of supplier-customer relation.
After the evaluation of submitted documentation and information, the Office came to the conclusion that the assessed merger does not significantly impede effective competition in the relevant market, particularly as a result of creating or strengthening of a dominant position.
The decision came into force on 7 March 2017.