CELEX: 32019M9437
Language: en
Date: 2019-08-23 00:00:00
Title: Commission Decision of 23/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9437 - Adolf Würth GmbH & Co. KG / Grupo Electro Stocks, S.L.U.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.08.2019
                                                                C(2019) 6270 final
                                                                                PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9437— WÜRTH GROUP/GES
                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 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking FEGA & Schmitt Elektrogroßhandel GmbH (Germany), belonging to the
        group Adolf Würth GmbH & Co. KG (‘Würth Group’, Germany), acquires within the
        meaning of Article 3(1)(b) of the Merger Regulation sole control over the whole of the
        undertaking Grupo Electro Stocks, S.L.U. (‘GES’, Spain) by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
        −     for Würth Group: wholesale distribution of products and systems manufactured
              by third parties mainly to professional end users in trade and industry, including
              electrical installation, industrial automation, cables and wires, tools, data and
              network technology, lighting and illumination, household appliances and
              multimedia products, as well as electrical domestic heating technology and
              regenerative power generation.
        −     for GES: distribution of electrical and fluid materials in Spain mainly to other
              professionals in the construction sector.
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 264, 06.08.2019, p. 7.
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(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)
                                                  Johannes LAITENBERGER
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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