PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2009/48 - OTIS / ACTIVOS QUADRANTE
Acquired
Assets Quadrante
Description
the target business consists of a portfolio of elevator maintenance and technical assistance contracts, currently held by the company Quadrante, a Portuguese company that maintains elevators and provides the associated technical assistance, in the Autonomous Region of Madeira.
Acquiring
Masel Otis
Description
a company engaged in installing and maintaining elevators and escalators, along with the provision of the associated technical assistance, in the Autonomous Region of Madeira. Masel Otis is a member of the Otis Group, which is controlled, ultimately, by United Technologies Corporation, a North American joint stock company quoted on the New York Stock Exchange and active worldwide in the sector for high technology building-system products and services and in the aerospace industry.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C33 - Repair, maintenance and installation of machinery and equipment
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 30 November 2009, this merger operation consists of the acquisition, by the company Masel Otis - Elevadores da Madeira Lda ("Masel Otis"), of exclusive control of a set of assets corresponding to a portfolio of elevator maintenance and technical assistance contracts ("Target Business"), currently held by the company Quadrante - Comércio de Elevadores Lda ("Quadrante").
Timeline
2010-01-13
COMPETITION AUTHORITY authorises Merger Operation No. 48/2009 - Otis / Quadrante Assets
2009-12-10
Publication of the announcement
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