Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  10.11.2022  
C(2022 ) 8243 final  
PUBLIC VERSION  
Ahlsell Danmark ApS  
Abildager 24  
2605 Brøndby  
Denmark  
Subject : Case M. 10800  – AHLSELL / SANISTAL  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 17 October  2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertaking  Ahlsell Danmark ApS ( ‘Ahlsell ’, Denmark ), controlled by CVC Capital 
Partners SICAV -FIS S.A. (‘CVC’ , Luxembourg), intend s to acquire within the 
meaning of Article  3(1)(b)  of the Merger Regulation sole control of undertaking 
Sanistål A/S (‘Sanist al’, Denmark) , by way of purchase of shares as well as by way of 
public bid accounced on  24 May 2022 .3 
2. After a partial referral of the transaction to Denmark in relation to the Danish markets, 
the scope o f the Commission’s review and decision is limited to the EEA excluding 
the Danish markets.  
3. The business activities of the undertakings concerned are  the following : 
 CVC is a large global investment manager focussed on private equity, secondaries 
and credit , 
 Ahlsell is a CVC portfolio company and a retailer and distributor of mainly 
installation products and tools & supplies to professional customers in the Nordic 
region , 
                                                 
1 OJ 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.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 410, 26.10.2022 , p. 10. 

2  Sanistal provides a wide assortment of products with a primary focus on 
plumbing, heating, ventilation, air conditioning and tools & supplies, including 
personal protective equipment, for industry and construction in Denmark and the 
Baltics . 
4. After examination of the notification, the European Commission has concluded that 
the notified o peration falls within the scope of the Merger  Regulation  and of 
paragraph 6  of the  Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
5. For the reasons set out in the Notice on a si mplified procedure, the European 
Commission has decided not to oppose the notified operation  as regards the EEA 
markets excluding the Danish markets  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  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .