PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/37 - MUTARES / EFACEC
Acquired
Efacec Power Solutions, SGPS, S.A.
Description
industrial-based company that operates essentially in the energy sector, manufacturing equipment (transformers, high and medium voltage switchgear, primary and secondary distribution) that cover the entire value chain of the energy sector, from production to energy transmission and distribution, including the maintenance and renovation of such equipment. The EFACEC Group also develops solutions and integrated systems for energy, environment, industry, transport and electric mobility infrastructures, inside and outside Portugal.
Acquiring
Mutares SE & Co. KGaA
Description
international investor of private capital, focused on the acquisition of companies in transition, particularly with an industrial or technological base, with the objective of promoting their stable and profitable growth. In Portugal, MUTARES is present in several sectors of activity, namely in the industry of rubber and thermoplastic components, closing systems and hinges, folding cardboard boxes and high-performance plastic parts.
Sector
  • Energy and Fuels
Activity (NACE)
  • C271 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
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 notified merger operation consists of the acquisition, by Mutares SE & Co. KGaA, parent company of Mutares Iberia SL and related entities ("MUTARES"), under the exclusive control of Efacec Power Solutions, SGPS, S.A., and related entities ("EFACEC").
Timeline
2023-08-02
The AdC issued a decision of non-applicability to the merger 37/2023 - MUTARES / EFACEC.
2023-07-17
Mutares notifies the acquisition of exclusive control over Efacec.
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