Prior notification of a concentration (Case M.9490 — VWFS/TÜV SÜD AS/FC/CarMob) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-09-05
Institutions: European Commission
Subjects: banking, economic concentration, financing, hire purchase, insurance, merger control, motor vehicle industry, provision of services, subsidiary, vehicle rental








C_2019300EN.01002101.xml










5.9.2019   


EN


Official Journal of the European Union


C 300/21






Prior notification of a concentration
(Case M.9490 — VWFS/TÜV SÜD AS/FC/CarMob)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 300/08)

1.   
On 29 August 2019, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Volkswagen Financial Services AG (‘VWFS’, Germany), controlled by Volkswagen AG (‘Volkswagen’, Germany),










—


TÜV SÜD Auto Service GmbH (‘TÜV SÜD AS’, Germany), controlled by TÜV SÜD AG (Germany),










—


FleetCompany GmbH (‘FC’, Germany), controlled by TÜV SÜD AS,










—


Carmobility GmbH (‘CarMob’, Germany), controlled by VWFS.




VWFS and TÜV SÜD AS acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of FC and CarMob.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:
—   for VWFS: is a wholly-owned direct subsidiary of Volkswagen and offers dealers and customers financing, leasing, bank and insurance business, and mobility solutions. It provides fleet management solutions exclusively through its wholly owned subsidiary carmobility GmbH,
—   for TÜV SÜD AS: is a provider of technical services, in particular of inspection and product certification services,
—   for FC: is a brand-neutral provider of fleet management services to commercial customers and is active in more than 50 countries,
—   for CarMob: is a brand-neutral provider of fleet management services to commercial customers only in Germany.


3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.9490 — VWFS/TÜV SÜD AS/FC/CarMob
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal address:




European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.