PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2010/28 - Masel Otis / Portfólio Liftech
Acquired
Assets Liftech
Description
a portfolio of lift maintenance and technical assistance contracts, at present held by the company Liftech, a Portuguese-registered company that markets and installs new lifts and provides lift maintenance and technical assistance services in the territory of Portugal.
Acquiring
Masel Otis
Description
a Portuguese-registered company that installs, maintains and provides technical assistance for lifts and escalators in the Autonomous Region of Madeira. Masel Otis is a member of the Otis Group, which, in the final instance, is controlled by United Technologies Corporation, a US concern quoted on the New York Stock Exchange. It operates worldwide in the high-tech products and services sector for building systems and in the aerospace industry.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C3312 - Repair  and maintenanceof 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 8 July 2010, the present merger operation consists of the acquisition, by the undertaking Masel Otis - Elevadores da Madeira Lda ("Masel Otis"), of exclusive control of a series of assets representing a portfolio of lift maintenance and technical assistance contracts ("Target Business"), at present owned by the company Liftech - Tecnologia para Elevadores Lda ("Liftech").
Timeline
2010-07-29
Competition Authority Council adopts a ruling of non-opposition to Merger 28/2010 Masel Otis / Liftech Portfolio.
2010-07-13
Publication of the announcement - Masel Otis - Elevadores da Madeira Lda ("Masel Otis") notifies acquisition of exclusive control of a series of assets ("Target Business") presently owned by the company Liftech - Tecnologia para Elevadores Lda ("Liftech").
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