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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2026/40 - Horizon*Geralseg/Geralseg*Vitelsis
Acquiring
Geralseg – Internacional, S.A.
Description
Active in the import and export of security and electronic products, as well as in providing consulting services related to the installation and execution of security-related projects.
Acquired
Geralseg – Sistemas de Segurança, Unipessoal, Lda.
Description
Active in the security technology sector, including providing technical assistance and maintenance services for security equipment.
Acquiring
Horizon Private Equity | Holding Company S.À R.L.
Description
The company is owned by an investment fund based in Luxembourg, controlled by a venture capital firm based in Portugal. In Portugal, it holds investments in companies active in the telecommunications, renewable energy, metalworking and precision engineering, textile, healthcare, and road and hospital infrastructure sectors.
Acquired
Vigerprev, A.C.E.
Description
Active in the supply, installation and maintenance of physical security equipment, electronic security, fire extinguishers and other security equipment.
Acquired
Vitelsis – Sociedade Comercial de Eletrotecnia, Unipessoal Lda.
Description
Active in the sale, installation, and maintenance of electronic equipment, including security and surveillance systems.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The merger operation consists of the acquisition, by Horizon Private Equity Holding Company S.à r.l. (“Horizon”), of control over Geralseg – Sistemas de Segurança, Ltda. (“Geralseg”), Vitelsis – Sociedade Comercial de Eletrotecnia, Ltda. (“Vitelsis”), and, indirectly, over Vigerprev, A.C.E., together with Geralseg – Internacional, S.A. (“Geralseg Internacional”).
Timeline
2026-06-19
Horizon and Geralseg Internacional notify the acquisition of joint control over Geralseg, Vitelsis, and Vigerprev
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