Case details

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Merger control
Case reference
CCENT/2005/39 - LBO France (Gestion)/Actaris
Acquired
Actaris Metering Systems, S.A.
Description
is a member-company of the Actaris Group; its main activity is in the field of the manufacture of electric, gas and water meters and metering systems. It has various subsidiaries throughout the world, especially in Portugal, where Actaris ? Prestação de Serviços a Associadas SA, Ricont ? Empresa de Reparação e Instalação de Contadores Ldª and Actaris Sistemas de Medição Ldª are to be noted in particular.
Acquiring
LBO France Gestion, S.A.S.
Description
is a venture capital company whose main activity is the management of different funds, through which it controls various enterprises including Ellipse Pharmaceuticals SAS (active in the pharmaceuticals sectors), Bertin Technologies SAS (an engineering enterprise), Materis Holding Luxemburg SA (active in the building materials sector), Finhotel SAS (a holding company created for the acquisition of the 28 Libertel hotels, operated through the Accor Group), Valorex SAS (specialised in pet-food production) and SES Communication (specialised in electronic tag design and production).
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C28 - Manufacture of machinery and equipment n.e.c.
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 20 June 2005, this merger consists of the acquisition by LBO France Gestion, S.A.S. ("LBO France"), through the vehicle company Actaris Metering Systems II, S.A. ("Actaris Metering Systems II"), of sole control of 12 enterprises at present held directly by Actaris Metering Systems, S.A. ("Actaris Metering Systems"), by means of the acquisition of shares.
Timeline
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