PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/53 - AEQH27 / TMD
Acquiring
AEQH27 S.a r.l.
Description
Vehicle company, indirectly controlled by the investment company AEQUITA SE & Co. KGaA which invests in special situations, such as group splits, succession situations and restructurings in Europe and which includes in its portfolio companies operating in various sectors linked to the automotive and of construction.
Acquired
TMD Friction Group S.A.
Description
Company that operates, directly and indirectly through its subsidiaries, in the brake components sector, which includes equipment for passenger vehicles and light commercial vehicles, friction materials for industrial applications, as well as products for the after-sales market . Production in Germany, Brazil, China, Mexico, Romania, Spain, United Kingdom and United States. TMD is a direct subsidiary, 100% owned, of the Japanese group Nisshinbo. In Portugal, TMD carries out its activity indirectly through the following German subsidiaries: TMD Friction Holdings GmbH and TMD Friction Services GmbH.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C293 - Manufacture of parts and accessories for motor vehicles
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger in question consists of the acquisition by AEQH27 S.a.r.l. (“AEQH27”) under the exclusive control of TMD Friction Group S.A. (“TMD”), including all its direct and indirect subsidiaries and holdings.
Timeline
2023-09-27
The AdC issued a non-opposition decision to the merger AEQH27 / TMD.
2023-09-08
AEQH27 notifies the acquisition of exclusive control over TMD Friction Group.
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