EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 01/03/2024

In electronic form on the EUR-Lex website under document number 32024M11480

EUROPEAN COMMISSION

Brussels, 1.3.2024 C(2024) 1498 final

PUBLIC VERSION

Cobepa SA Rue de la Chancellerie 2/1 1000 Brussels Belgium

Dear Sir or Madam,

1.On 1 February 2024, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Cobepa SA (Belgium, ‘Cobepa’), controlled by Vedihold SA (Luxembourg), intends to acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the undertaking SD 2 Holding B.V. (Netherlands, ‘SD 2’), controlled by Smile Invest NV (Belgium), by way of purchase of shares.

The business activities of the undertakings concerned are the following:

-− Cobepa is an independent, privately held investment company. Cobepa’s worldwide investments include companies in different industries, such as business services, industrial, healthcare and financial services,

-− SD 2 and its subsidiaries are active in the Netherlands, through the ‘SmartSD’ brand, in the distribution of security solutions including video surveillance, access control, fire detection or intrusion detection (and environmental facility management) and related technical advice and training services.

1OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology of the TFEU will be used throughout this decision.

2OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

3OJ C, C/2024/1456, 8.2.2024.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5 (c) of the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004.

For the reasons set out in the Notice on a simplified treatment, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed) Olivier GUERSENT Director-General

4OJ C 160, 5.5.2023, p. 1 (the ‘Notice on a simplified treatment’).