CELEX: 32020M9935
Language: en
Date: 2020-11-10 00:00:00
Title: Commission Decision of 10/11/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9935 - ALTOR FUND MANAGER / STENA / GUNNEBO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.11.2020
                                                                C(2020) 7921 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9935 – ALTOR FUND MANAGER / STENA / GUNNEBO
                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 16 October 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Altor Fund
        Manager AB (‘Altor’, Sweden), through Altor Fund V, and Stena Adactum AB
        (‘Stena’, Sweden) acquire within the meaning of Article 3(1)(b) of the Merger
        Regulation indirect joint control over the whole of the undertaking Gunnebo AB
        (publ) (‘Gunnebo’, Sweden) by way of public bid announced on 28 September 2020.3
2.      The business activities of the undertakings concerned are:
             for Altor: private equity firm which focuses, among others, on investments and
              divestments in the mid-market segment of the Nordic region as well as
              investments in the German speaking region (DACH), through its managed funds.
              Altor Fund V, managed by Altor, is part of the Altor group of private equity funds
              focused on investing in and developing medium sized companies,
             for Stena: part of the Stena AB group, which is active worldwide in various areas,
              such as tanker and ferry operations, vessel charter and offshore drilling. Stena AB
              is one of three parent companies in the Stena Sphere, consisting also of Stena
              Sessan AB and Stena Metall AB, all established in Sweden,
             for Gunnebo: provides security products and services, including cash
              management, alarm and access control systems, entrance security, safes and
              vaults, as well as security-related consulting and services. It operates globally and
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, 26.10.2020, p. 8-9.
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---         in more than 25 countries around the world. Within the EEA, Gunnebo is mainly
        active in Denmark, France, Germany, Hungary, Italy, Spain, Sweden, the
        Netherlands, the Czech Republic, Poland, and the UK.
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(c) 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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