Connect with us

European Commission

Mergers: Commission clears acquisition of Torpedo by Hedin

SHARE:

Published

3 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of eight companies, together referred to as Torpedo, of Germany by Hedin Mobility Group AB (‘Hedin') of Sweden.

Torpedo is a retailer of new and used motor vehicles as well as of vehicle spare parts, mainly active in Germany. Hedin is a wholesaler and retailer of new and used motor vehicles and spare parts in the European Economic Area. In particular, their activities overlap in the retail distribution of motor vehicles and spare parts in Germany.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies' limited combined market position resulting from the proposed transaction. 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.11173.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending