Brussels, 12 July 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of SEQUELLO GmbH (‘SEQUELLO’) by PORR AG (‘PORR’), Umdasch Group Ventures GmbH, a subsidiary of the Umdasch Group (‘Umdasch Group’), all of Austria, and Wacker Neuson SE (‘Wacker Neuson’) of Germany.
SEQUELLO, which was already controlled by PORR and the Umdasch Group, provides a construction logistics platform aiming to digitalise and optimise the order, delivery and billing process in the construction industry. PORR provides construction services. The Umdasch Group produces formwork and scaffolding used for construction works. Wacker Neuson, through its subsidiaries, produces construction equipment and provides related services.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that SEQUELLO has negligible actual or foreseen activities within the European Economic Area. The 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.10618.
Source – EU Commission