On 3 January 2018, the Finnish Competition and Consumer Authority (FCCA) approved the acquisition of PT PohjanTeko Oy and PohjanGeo Oy by Podeta Oy.
The Finnish Competition and Consumer Authority has concluded that the acquisition will not significantly impede effective competition in the Finnish market. Furthermore, the regulatory reviews conducted by the FCCA did not reveal any harmful effects on competition related to the acquisition.
Podeta is a part of the private equity investor CapMan Oyj’s group, and it owns the company Pohjolan Design-Talo Oy that operates on the market of consumer sales of turnkey houses and prefabricated houses, project construction directed at construction companies, as well as the construction and sale of work and storage facilities.
PohjanTeko offers services related to earth construction to companies as well as the public sector. Among other things, PohjanGeo carries out design work related to various earth construction projects, geotechnical engineering, foundation engineering and storm water management.
The decision will be published later on the FCCA’s website.
Additional information: Research Officer Jenna Huttu, telephone +358 (0)29 505 3576, 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 from Finland of at least two of the parties exceeds a combined total of 20 million euros. The FCCA will approve a corporate transaction if it has none of the harmful impacts referred to in the Competition Act. The FCCA will intervene in corporate transactions if its investigations suggest that the acquisition substantially impedes effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.
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