25 April 2017
The Finnish Competition and Consumer Authority (FCCA) accepted on 24 April 2017 a corporate acquisition of Incar Invest Oy by A-Katsastus Group Oy and Mr Marko Jussila. According to the Finnish Competition and Consumer Authority’s estimate this acquisition does not, as specified in the Competition Act, significantly prevent competition in the Finnish market, because the parties’ market share in maintenance, repair and spare part services for passenger cars will remain small after the acquisition.
A-katsastus Group Oy, which is a member of the A-Katsastus group, is a private provider of services for vehicle inspection, registration, driving tests, vehicle loss inspections, testing, collision repairs and maintenance. Marko Jussila is the main owner of car repair chain Incar Invest.
The FCCA’s decision includes business secrets of the parties involved. The decision cannot be published until the business secrets have been removed, i.e. in around two weeks’ time.
Further information: Research Officer Jenna Lampinen, tel. +358 29 505 3769, email firstname.lastname@example.org.
According to the Competition Act, the FCCA must be notified of the transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover of at least two of the parties resulting from Finland exceeds 20 million euros for both. FCCA approves a corporate transaction if it has no harmful impacts referred to in the Competition Act. FCCA will intervene in corporate transactions if its investigations suggest that the acquisition may significantly impede effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.
Read more about merger control