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 -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 13.10.2022  
C(2022 ) 7425 final 
PUBLIC VERSION  
Hanwha Q CELLS GmbH  
Hildegard -Knef -Platz 3,  
10829 Berlin,  
Germany  
Enercity AG  
Ihmeplatz 2,  
30449 Hanover,  
Germany  
Subject : Case M. 10863  – HANWHA Q CELLS / ENERCITY / LYNQTECH  
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 19 September 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Hanwha Q 
CELLS GmbH  (“Hanwha Q CELLS”, Germany ), ultimately controlled by Hanwha 
Corporation (Republic of Korea),  and enercity AG (“enercity”, Germany), ultimately 
controlled by Versorgungs - und Verkehrsgesellschaft Hannover mbH (“VVG”, 
Germany),  acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger 
Regulation joint control of LynqTech GmbH  (“LynqTech”, Germany ), currently 
solely controlled by enercity . The concentr ation is accomplished by way of purchase 
of shares .3 
2. The business activities of the undertakings concerned are:  
 for Hanwha Q CELLS: energy solution provider wih a business scope ranging 
from the midstream of cells and modules to downstream solar solutions for 
residential, commercial, and industrial buildings, as well as for large solar 
                                                 
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 367, 26.09.2022 , p.15. 

2 power plants . Hanwha Q CELLS  is controlled by Hanwha Corporation (South 
Korea), a company active globally in manufacturing, construction, chemicals, 
finance, services and lei sure, 
 for enercity: utility service provider distributing electricity, natural gas, district 
heating, wood energy and drinking water. In addition, it offers energy related 
services and operates power plants and power -to-heat plants for district 
heating, as  well as biogas plants.  Enercity is ultimately controlled by VVG, a 
holding company held by the City of Hanover and the Region Hanover. VVG 
is active in public transport, infrastructure (light rail) and utility services , 
 
 for LynqTech : development, implementation, operation, marketing and 
licensing of IT -based sales solutions for companies (contract initiation to 
accounting), in particular in the energy sector.  
3. After examination of the notification, the European Commission has concluded that 
the noti fied operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notic e on a simplified procedure, 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  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .