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.

SECTION 1.2

Description of the concentration

Fortis Private Equity Holding Nederland B.V. ("FPE") intends to acquire sole control of Kuiken N.V. ("Kuiken").

FPE is a Dutch private equity firm which invests in medium-sized companies in the Netherlands. Its investment companies are active in, amongst others, mail delivery services, plastic and rubber components, industrial bakery products, category management, engineering and manufacturing of meat processing equipment and the design and distribution of advanced treatment equipment for chiropractors, physiotherapists and the fitness sector.

FPE is a subsidiary of Fortis Bank Nederland (Holding) N.V., which activities can be divided in the businesses Retail Banking, Merchant Banking and Private Banking.

Kuiken is the holding of group of companies active in the distribution of heavy equipment. The heavy equipment distributed by Kuiken can be divided in three divisions: Construction Equipment (earth-moving machines of Volvo Construction), Crane & Material Handling (equipment of the brand Sennebogen) and Tractors & Agricultural Machinery (John Deere tractors and other agricultural machines). The Kuiken group is active in five countries (The Netherlands, Belgium, Luxembourg, Germany and Russia) and its head office is located in the Netherlands.

There are no reportable markets.