PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/69 - Sintokogio / Elastikos
Acquired
Elastikos (France) S.A.S.
Description
Elastikos does not have any commercial activity of its own (apart from providing services to other companies in the Winoa Group), limiting itself to holding, directly and indirectly through the French company WHA Holding, a 100% stake in Winoa, the parent company of the Winoa Group. The main activity of the Winoa group consists of the manufacture and sale of metallic abrasives, mainly (i) steel abrasives and, to a lesser extent, (ii) stainless steel abrasives.
Acquiring
Sintokogio Ltd.
Description
With activities in various business areas worldwide, focusing mainly on surface treatment solutions (including metallic abrasives), foundry equipment. Other activities include environmental solutions for the foundry industries, special equipment, new segments and after-sales services.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C2391 - Production of abrasive products
Applicable legislation
Art. 37(1)(a) (Law 19)
Notification thresholds
Market Share threshold
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation in question consists of the acquisition, by Sintokogio Ltd (“Sintokogio”), of exclusive control over Elastikos (France) SAS, which controls the company governed by French law Winoa, SA and its subsidiaries (“Winoa Group”) .
Timeline
2024-01-24
The AdC issued a non-opposition decision to the merger 69/2023 - Sintokogio / Elastikos.
2023-11-06
Sintokogio notifies the acquisition of exclusive control over Elastikos.
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