CELEX: 32019M9490
Language: en
Date: 2019-09-23 00:00:00
Title: Commission Decision of 23/09/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9490 - Volkswagen Financial Services AG / TÜV SÜD AG / Fleet Company GmbH) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.09.2019
                                                                C(2019) 6926 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9490 - VWFS/TUV SÜD AS/FC/CarMob
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 29 August 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Volkswagen
        Financial Services AG (“VWFS”, Germany) and TÜV SÜD Auto Service GmbH
        (“TUV SÜD AS”, Germany) acquire within the meaning of Article 3(1)(b) and 3(4) of
        the Merger Regulation joint control of the whole of FleetCompany GmbH (“FC”,
        Germany) and Carmobility GmbH (“CarMob”, Germany) by way of purchase of
        shares.3
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
                   services as well as 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 business
                   customers and is active in more than 50 countries,
          —        for CarMob: is a brand-neutral provider of fleet management services to
                   business customers only in Germany.
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 300, 5.9.2019, p. 21.
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.
 ---pagebreak--- 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(a) and 6 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)
                                                  Cecilio MADERO VILLAREJO
                                                  Acting Director-General
4  OJ C 366, 14.12.2013, p. 5.
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