European Commission
Commission clears creation of joint venture by Scania and sennder
The European Commission has approved, under the EU Merger Regulation, the creation of a greenfield joint venture by Scania CV AB (‘Scania') of Sweden and sennder Techologies GmbH (‘sennder') of Germany.
The joint venture will supply heavy-duty battery electric vehicles (‘BEV') based on a pay-per-use-model along with associated digital, physical, and commercial services. Initially, it will be active in Germany and later on it will roll out its services in other European countries. Scania, part of the Volkswagen Group, is a worldwide developer and manufacturer of trucks and buses, including BEVs, and a provider of vehicle financing, insurance, and rental services. sennder is a digital road freight forwarder providing a wide range of full truck load services to shippers across Europe.
The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market. 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.11145.
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