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EXYTE / KINETICS

M.11559

EXYTE / KINETICS
September 29, 2024
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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.

SECTION 1.2

Description of the concentration

The notified concentration concerns the acquisition of 100% of the shares in and sole control of Kinetics Holding GmbH (together with all affiliates: “KINETICS”) by Exyte Europe Holding GmbH (together with all affiliates “EXYTE”) from Bettembourg Gate S.à r.l. (Luxembourg) and Sunbeam Managementbeteiligungs GmbH & Co KG (Germany).

The acquirer EXYTE, headquartered in Stuttgart, Germany, is an international company for design, engineering, procurement, and construction for high-tech industries. The company serves clients in markets such as semiconductors, batteries, pharmaceuticals, biotechnology, and data centers.

KINETICS, based in Eschau, Germany, offers its customers a comprehensive range of design and installation services for process, mechanical, plumbing and HVAC-related solutions in the construction of production plants and laboratories. KINETICS’ main focus lies on piping solutions.

The concentration is accomplished by way of purchase of shares and constitutes a concentration within the meaning of Article 3(1)(b) EUMR and has an EU dimension due to a successful referral under Article 4 (5) EUMR.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111

EUC

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