Brussels, 31 August 2012
Mergers: Commission clears proposed acquisition of Alpiq's energy technology supply business by French rival VINCI Group
The European Commission has cleared under the EU Merger regulation the proposed acquisition by VINCI of the energy technology supply business (EVT Business) of the German group Alpiq. The Commission concluded that the operation would not raise competition concerns because it will not significantly alter the market structure in any of the markets where the merging parties' activities overlap.
The Commission examined the horizontal overlaps arising between the activities of the VINCI subsidiary VINCI Energies and EVT Business on several electrical and mechanical engineering markets in Member States where both companies are active.
The Commission's investigation confirmed that the parties' combined market shares on the markets concerned are limited and that the new entity would face sufficient competitive constraint from a number of alternative competitors of comparable size. The Commission therefore concluded that the transaction would not significantly impede effective competition in the EEA or any substantial part of it.
Companies and products
VINCI Energies, which belongs to the VINCI Group, is active in electrical, climatic and mechanical engineering for various sectors. The VINCI Group's other activities include public concessions, building and infrastructure services.
EVT Business is a specialised provider of electrical and mechanical engineering services, and is particularly active in the fields of energy transmission and distribution, communication infrastructure, industrial electricity, energy production, cables, transmission substations and onshore connections of offshore wind farms. The undertakings forming the EVT Business are active in Germany, Austria, Hungary, Italy, the Czech Republic and Slovakia.
The transaction was notified to the Commission on 26 July 2012.
Merger control rules and procedures
The Commission has the duty to assess mergers and acquisitions involving companies with a turnover above certain thresholds (see Article 1 of the Merger Regulation) and to prevent concentrations that would significantly impede effective competition in the EEA or any substantial part of it.
The vast majority of mergers do not pose competition problems and are cleared after a routine review. From the moment a transaction is notified, the Commission generally has a total of 25 working days to decide whether to grant approval (Phase I) or to start an in-depth investigation (Phase II).
A non-confidential version of today's decision will be available at:
Antoine Colombani (+32 2 297 45 13)
Marisa Gonzalez Iglesias (+32 2 295 19 25)