Press Release: Mergers: European Commission approves transaction combining IT and telecoms wholesale activities of Schindler’s ALSO and Droege’s Actebis

The European Commission has cleared under the EU Merger Regulation the proposed combination of the activities of ALSO of Switzerland and Actebis of Germany, two wholesalers of IT, consumer electronics and telecommunication products. Following the transaction the combined entity will be jointly controlled by the respective parent companies of ALSO and Actebis, Schindler (Switzerland) and Droege (Germany). After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.