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PON TYRE GROUP / GILDE FUND V / GUNDLACH AUTOMOTIVE CORPORATION
M.9653
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
M.9653 - PON / GILDE FUND V / GAC
SECTION 1.2
Description of the concentration
1.On 29 November 2019, the European Commission received a notification of a proposed transaction pursuant to which Pon and Gilde Fund V envisage to acquire joint control over Gundlach Automotive Corporation Holding GmbH ("GAC").
The primary business activities of the undertakings are:
(i) Pon: Pon group is active in four different business clusters: Automotive, Pon Bike, Equipment & Power Systems and Industrial Mobility.
(ii) Gilde Fund V: Gilde Fund V is active in the advice to, management of and investment in mid-market companies;
(iii) GAC: GAC is mainly active in the distribution of tyres, wheel rims, fitted wheels, TPMS sensors and related services and provides wheel programs and assembly services to OEMs.