On 8 January 2018, the Finnish Competition and Consumer Authority approved CapMan Plc’s acquisition of KotiSun Group Oy. The FCCA has concluded that the acquisition will not significantly impede effective competition in the Finnish market.
KotiSun is a nationwide group of companies specialising in renovations of service water, heating networks, drainage and electricity systems as well as property heating energy optimisation solutions. Of the companies in the portfolio of the Nordic private equity investor CapMan, Pohjolan Design-Talo Oy operates in markets relevant in terms of assessing the acquisition. Design-Talo manufactures turnkey detached houses for Finnish households nationwide.
KotiSun and Design-Talo only have minor overlapping operations in the building systems service market, and the regulatory reviews conducted by the FCCA did not reveal any harmful effects on competition related to the acquisition.
- The FCCA’s decision will be published later on the agency’s website.
- Research Officer Jenna Huttu, telephone +358 (0)29 505 3576, email email@example.com.
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.