CELEX: 32021M10417
Language: en
Date: 2021-09-21 00:00:00
Title: Commission Decision of 21/09/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10417 - D’IETEREN / WEHOLD / TVH PARTS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
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 Article 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 ‘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 358, 7.9.2021, p. 17.
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---    −    for Wehold: holding company for the Thermote 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 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.
                                              2