Prior notification of a concentration (Case M.11009 – PON.BIKE / VWFS / GLINICKE / DML) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 41/09
Date: 2023-02-03
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electric vehicle, hire purchase, investment company, merger control, motor vehicle industry, provision of services, rental business, two-wheeled vehicle, vehicle parts, vehicle rental








C_2023041EN.01002301.xml










3.2.2023   


EN


Official Journal of the European Union


C 41/23






Prior notification of a concentration
(Case M.11009 – PON.BIKE / VWFS / GLINICKE / DML)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 41/09)

1.   
On 25 January 2023, 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:






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Pon Holdings B.V. (‘PON’, Netherlands),










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Volkswagen Financial Services Aktiengesellschaft (‘VWFS’, Germany),










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Glinicke Finanz Holding GmbH & Co. KG (‘Glinicke’, Germany),










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Digital Mobility Leasing GmbH (‘DML’, Germany).




PON, VWFS and Glinicke will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of DML.
The concentration is accomplished by way of purchase of securities.


2.   
The business activities of the undertakings concerned are the following:






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For PON, the long term investment in a range of segments relating to mobility, such as passenger and commercial vehicles and bicycles to road construction and earthmoving machines, generators and total solutions for the shipping industry,










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For VWFS, the development, manufacture, marketing and sale of passenger cars and other vehicles, including spare parts and accessories. Volkswagen also engages in vehicle distribution. Further, Volkswagen's financing activities relate to dealer and customer financing, leasing, direct banking and insurance activities,










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For Glinicke, multi-brand motor vehicle dealer activities throughout Germany, in addition to associated ancillary services such as car rental, recovery services and fleet rental,










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For DML, activities related to leasing solutions, primarily in the e-bike segment, for the self-employed, tradespeople and medium-sized companies from almost all industries.






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 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.11009 – PON.BIKE / VWFS / GLINICKE / DML
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.