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CCENT/2009/44
Case details
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Merger control
Case reference
CCENT/2009/44 - METSO/TAMFELT
Acquiring
Metso
Description
a Finnish-registered public company quoted on the Helsinki Stock Exchange; it produces machines and equipment for various industries, in particular those involved in pulp and paper production, mining, construction and energy. In Portugal, Metso is represented by Metso Minerals Portugal Lda and Metso Automation Lda, which are solely engaged in support service and sales activities.
Acquired
Tamfelt
Description
a Finnish-registered public company quoted on the Helsinki Stock Exchange; it produces industrial textiles for paper and cardboard machines, industrial textiles for dry and wet filtration, and other related products for the pulp, paper and cardboard industries, the chemical and mining industries, waste water treatment plants, and industrial laundries. It also provides the associated technical support services. Tamfelt is represented in Portugal by Tamfelt Technical Textiles Portugal Lda, which produces and supplies industrial textiles for dry and wet filtration and industrial laundry machines.
Sector
Extractive and manufacturing Industries
Activity (NACE)
C13 - Manufacture of textiles
Applicable legislation
Art. 9(1)(a) and (b) (Law 18)
Notification thresholds
Turnover and market share
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 12 November 2009, this merger operation consists of the acquisition, by the undertaking Metso Corporation ("Metso"), of exclusive control of the undertaking Tamfelt Corporation ("Tamfelt"), by means of a public offer of exchange.
Timeline
2009-12-21
COMPETITION AUTHORITY authorises Merger No. 44/2009 - Metso/Tamfelt
2009-11-19
Publication of the announcement
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