The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over TVH Parts Holding NV (‘TVH Parts') by D'Ieteren Group SA/NV (‘D'Ieteren'), both of Belgium, and Wehold S.à.r.l. of Luxembourg. TVH Parts is active mainly in the distribution of spare parts for material handling, construction, industrial and agricultural machinery.
D'Ieteren is active, among other activities, in automobile distribution and vehicle glass repair and replacement. Wehold is the holding company for the Thermote family's participations in TVH Parts and certain other portfolio companies.
The Commission concluded that the proposed acquisition would raise no competition concerns, because there is no overlap between the activities of the companies. The transaction was examined under the simplified merger review procedure.
- Date de publication
- 22 septembre 2021