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, 29.4.2022  
C(2022 ) 2985 final  
PUBLIC VERSION  
Egeria Group AG  
Sarphatikade 12  
1017 WV Amsterdam  
The Netherlands  
Brugg Rohrsysteme GmbH  
Adolf -Oesterheld -Str. 31  
31515 Wunstorf  
Germany  
Subject : Case M. 10650 –  EGERIA / ISOPLUS GROUP / BRUGG / ISOPLUS JV  
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 1 April 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Egeria Group 
AG (‘Egeria’, Switzerland) will acquire within the meaning of Article 3(1)(b) of the 
Merger Regulation sole control of the whole of Isoplus Fernwärmetechnik GmbH 
(Germany), Isoplus Fernwärmetechnik Vertriebsgesellschaft mbH (Germany), 
ISOPLUS Managementgesellschaft mbH (Germany), Isoplus Fernwärmetechnik 
Gesellschaft m.b.H. (Austria), Isoplus Távhővezetőgyártó Korlátolt Felelősségű 
Társaság (Hungary), together ‘Isoplus Group’ and within the meaning of Articles 
3(1)(b) and 3(4) joint control of the whole of ISOBRUGG Stahlmantelrohr GmbH  
(‘Isoplus JV ’, Germany) , together with BRUGG Rohrsysteme GmbH (‘BRUGG’, 
Germany) . The concentration is accomplished by way of purchase of shares .3 
                                                 
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 OJ C 1 57, 11.4.2022, p. 21. 

2 2. The business activities of the undertakings concerned are:  
 for Ege ria: investment company active in private equity, commercial and 
residential real estate, and participations in listed companies, with a focus on the 
Netherlands and the  Germany, Austria, and Switzerland region , 
 for Isoplus Group and Isoplus JV: manufactur ing and distribution of pre -insulated 
piping systems, mainly for district heating and district cooling and to a limited 
extent also for industrial applications for flowing medium (such as food and 
chemistry), oil pipeline, bioenergy, agriculture and networ k monitoring, with a 
focus on Central Europe,  
 for BRUGG: active in the local heating, district heating, cooling, cold water, 
industrial, filling station and tank facility sectors, ranging from advice about 
laying right through to project management and ins tallation , with a focus on 
Central Europe . 
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 (b) 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 Notice 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  
Direct or-General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .