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, 21.9.2021  
C(2021)  6947 final  
PUBLIC VERSION 
D’Ieteren Group SA/NV  
Rue du Mail, 50  
1050, Brussels  
Belgium  
 
Wehold S.à.r.l. 
Rue Guillaume Kroll, 12F  
L-1882, Luxembourg 
Luxembourg  
Subject : Case M. 10417  – D’IETEREN / WEHOLD / TVH PARTS  
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 25 August  2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which D’Ieteren 
Group SA/NV (‘D’Ieteren’, Belgium) and Wehold S.à.r.l. (‘Wehold’, Luxembourg) 
acquire within the meaning of Article 3(1)(b) and A rticle 3(4) of the Merger 
Regulation joint control of the whole of TVH Parts Holding NV (‘TVH Parts’, 
Belgium), controlled by Wehold and Quva S.à.r.l. The concentration is accomplished 
by way of purchase of shares.3 
2. The business activities of the undertakings concerned are:  
− for D’Ieteren: active, through its subsidiaries, in automobile distribution, vehicle glass repair and replacement, real estate management and the sale of notebooks 
and other writing tools;  
                                                
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 ‘Communi ty’ 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 358, 7.9.2021 , p. 17. 

2 − for Wehold: holding company for the The rmote family’s participations in TVH 
Parts and certain other portfolio companies;  
− for TVH Parts: holding company of the TVH Group, active in the distribution of 
spare parts for material handling, construction, industrial and agricultural 
machinery, as well  as the provision of manufacturing and repair services for a 
limited number of spare parts and the commercialisation of a tracking tool service for fleet management.  
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 (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 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 .