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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/21 - GWF*MeteRSit / SG Meters
Acquiring
GWF AG
Description
Family-owned company that is active in the production and sale of innovative measurement systems for consumption data, namely gas, water, electricity and urban heating. GWF has several production sites in Europe, as well as a global distribution network.
Acquiring
MeteRSit S.r.l.
Description
Controlled by SIT Metering S.r.l. which, in turn, is 100% owned by SIT S.p.A., a company listed on the MTA segment of Borsa Italiana, is active in the design, production and marketing of heating systems, as well as intelligent and innovative consumption measurement systems, in particular for gas and water. In Portugal, the SIT Group is present through its subsidiary Janz – Contagem e Gestão de Fluídos, S.A. (“Janz”), wholly owned by it.
Acquired
SG Meters S.A. (Joint Venture)
Description
It will dedicate itself to the production and commercialization of water measurement systems, in particular, of water meters for residential use.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-applicable
Case description

The merger in question consists in the creation by the companies GWF AG (“GWF”) and MeterSit S.r.l. (“SIT”) of a full-function joint venture, SG Meters S.A. (“SG Meters”).
Timeline
2023-06-26
The AdC issued a decision of non-applicability to the merger 21/2023 - GWF*MeteRSit / SG Meters.
2023-05-17
GWF AG and MeteRSit notify the acquisition of joint control over SG Meters.
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