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Image header Agence Europe
Europe Daily Bulletin No. 10907
ECONOMY - BUSINESS / (ae) competition

Triton's acquisition of Logstor gets thumbs up

Brussels, 26/08/2013 (Agence Europe) - On Monday 26 August, the European Commission gave the go-ahead to the acquisition of Logstor (Denmark) by private equity investment firm the Triton Group (Jersey). Logstor manufactures pre-insulated pipes used mainly for district heating and district cooling systems. Battenfeld-Cincinnati (BC), one of the companies ultimately controlled by Triton, is active in the production and sale of plastic processing machines including single screw extruders, a piece of machinery used in the production of pre-insulated pipes. The Commission concluded that the transaction would not lead to any anti-competitive effects given that BC's competitors would still have a sufficient number of alternative customers and Logstor's competitors would still have a sufficient number of alternative suppliers for both new extruders and spare parts. Moreover, BC lacks the incentives to discriminate against Logstor's competitors for both spare parts and after sales services. (OL/transl.fl)