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

This notification concerns the following undertakings: • KUBIKx GmbH ("KUBIKx"), Germany, controlled by Schmitz Cargobull AG. • VEROO GmbH ("VEROO"), Austria, which is a member (group company) of "WALTER GROUP", i.e., the corporate group under control of AKF-Privatstiftung, Austria, including inter alia • WALTER GROUP Holding AG, Austria, and LKW WALTER Internationale Transportorganisation AG ("LKW WALTER"), Austria. • WaVe-X Holding GmbH ("WaVe-X"), Austria, a member of WALTER GROUP under control of AKF-Privatstiftung, Austria. • 9.5 Magnitude Ventures NV ("9.5. Ventures"), Belgium, being a European Venture Capital Fund.

VEROO (ultimately WaVe-X), KUBIKx and 9.5 Ventures acquire, within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation, joint control of Heylog GmbH ("Heylog").

The concentration is accomplished through the purchase of shares (17.92%) by VEROO (ultimately WaVe-X) to attain joint control within the meaning of Art 3 (1) (b) EUMR in the Target, a full-functioning joint venture.

The business activities of the undertakings concerned are:

a. VEROO engages in the development of IT and software solutions and renders consultancy services, in particular in the area of freight.

b. WaVe-X was founded in December 2022 and serves as WALTER GROUP's venture capital investment vehicle. Its sole purpose is the founding and managing of companies and participations. Upon completion of the transaction, VEROO will transfer its newly acquired shares in Heylog group-internally to WaVe-X.

c. KUBIKx specializes in the development of digital solutions in the field of fleet management as well as for transport and logistics processes.

d. 9.5 Ventures is a European Venture Capital Fund that partners with corporates to create or invest in tech-based (corporate) startups.

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