The Finnish Competition and Consumer Authority (FCCA) initiates further proceedings regarding the proposed merger in which Loihde Oyj would acquire the entire share capital of BLC Turva Oy.
Loihde and BLC Turva are active in the physical security market, where they provide, for example, electronic security technology and structural security systems, as well as related installation, maintenance, and support services. Electronic security technology includes, inter alia, burglar alarm systems, access control systems, and video surveillance systems, while structural security encompasses, e.g., locking systems and door automation. Loihde is also activein the digital security market.
Based on FCCA’s initial investigation, the acquisition may lead to adverse effects on competition in the electronic security technology and structural security markets, particularly if competition among service providers in these markets is conducted regionally.
The further proceedings will examine whether the acquisition may significantly impede effective competition in the Finnish market or a substantial part thereof. As a result, the FCCA may approve the acquisition as such, approve it conditionally, or propose that the Market Court prohibit the deal. The further proceedings may take a maximum of 69 working days. The Market Court may extend the time limit by at most 46 working days.