Brussels, 7 March 2025
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by ABB AB of Sweden, belonging to the ABB Group of Switzerland, and Wallenius Marine AB, part of the Soya Group, both of Sweden.
The transaction relates primarily to the ship management sector.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area and the companies’ limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11833.