CELEX: 32022M10650
Language: en
Date: 2022-04-29 00:00:00
Title: Commission Decision of 29/04/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10650 - EGERIA / ISOPLUS GROUP / BRUGG / ISOPLUS JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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
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                Economic Area
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 157, 11.4.2022, 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--- 2. The business activities of the undertakings concerned are:
       for Egeria: 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: manufacturing 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 network 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 installation, 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
                                                      Director-General
4  OJ C 366, 14.12.2013, p. 5.
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