Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short 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 4

Description of the concentration

On 26 November 2024, the European Commission received notification pursuant to Article 4 of the Merger Regulation of a proposed concentration by which Sumitomo Corporation ("Sumitomo"), a Japan based trading house will acquire a 45% stake and joint control in the new holding company EEW Offshore Wind Holding GmbH & Co. KG ("EEW Offshore Wind EU Holding") and thereby indirectly inter alia in (i) EEW Special Pipe Constructions GmbH ("SPC"), (ii) AWS Schäfer Technologie GmbH ("AWS"), (iii) EEW Management Services GmbH ("MS"), and (iv) EEW Offshore Wind Holding Komplementär GmbH ("EEW Komplementär") (the "Transaction"). EEW Offshore Wind EU Holding together with SPC, AWS, MS, and EEW Komplementär are referred to as the "Target". The remaining 55% of the shares in EEW Offshore Wind EU Holding will be held by DiScho Vermögensverwaltung GmbH & Co. KG, previously EEW Holding GmbH & Co. KG ("EEW Holding"). EEW Holding currently wholly-owns, and has sole control over, the Target.

The Transaction therefore consists in the acquisition of joint control over EEW Offshore Wind EU Holding, and thereby indirectly inter alia over SPC, AWS, MS, and EEW Komplementär by Sumitomo and EEW Holding within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation.

The business activities of the undertakings concerned are the following:

Sumitomo is a global trading and investment company. It is active in trading and investment in a range of business activities in Japan and around the world, including steel, automotive, transportation and construction of systems, diverse urban development, media and digital, lifestyle, mineral resources, chemical solutions and energy transformation.

EEW Holding is a German asset managing partnership. Its purpose is to hold the shares of EEW Offshore Wind EU Holding and EEW Pipe Solutions.

The Target produces both monopiles used in wind farms and machinery to produce and/or process pipes (including monopiles).

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