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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.
On 17 May 2023, the Commission received notification of a proposed concentration pursuant to which Dipl. Ing. Stefan Pierer ("Mr Pierer") will acquire sole control within the meaning of Article 3(1)(b) of Council Regulation (EC) No. 139/2004 over LEONI AG by means of acquisition of shares.
The business activities of the parties are as follows:
• Mr Pierer, an Austrian national, controls Pierer Industrie AG ("PIAG"). PIAG is an Austrian industrial investment group active in the production and distribution of motorcycles, electric bicycles and other powered two-wheelers, namely stand up scooters, as well as components for powered two-wheelers; the development, production, maintenance and distribution of high-tech mechanical systems for dynamic components for racing, luxury cars and aeronautics; and the production of CO2-efficient brakes, pumps and engine components. PIAG is active world-wide.
• LEONI AG, headquartered in Germany, is a global provider of products, solutions and services for energy and data management in the automotive industry.
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