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Document 52024M11616
Prior notification of a concentration (Case M.11616 – KPS / INNOMOTICS) – Candidate case for simplified procedure
Prior notification of a concentration (Case M.11616 – KPS / INNOMOTICS) – Candidate case for simplified procedure
Prior notification of a concentration (Case M.11616 – KPS / INNOMOTICS) – Candidate case for simplified procedure
PUB/2024/734
OJ C, C/2024/4787, 29.7.2024, ELI: http://data.europa.eu/eli/C/2024/4787/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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Official Journal |
EN C series |
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C/2024/4787 |
29.7.2024 |
Prior notification of a concentration
(Case M.11616 – KPS / INNOMOTICS)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/4787)
1.
On 22 July 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).This notification concerns the following undertakings:
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KPS Capital Partners, LPA (‘KPS’, United States), |
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Innomotics GmbH (Germany) and Innomotics LLC, (United States), together ‘Innomotics’, currently controlled by Siemens Aktiengesellschaft. |
KPS will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Innomotics.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are the following:|
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KPS: management of investment funds on a global scale through its affiliated management entities, focusing inter alia on investments in manufacturing and industrial companies across a diverse array of industries, |
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for Innomotics: development, production and global sale of low and high voltage electric motors and medium voltage drives, as well as accompanying solutions and services predominantly for the following industries: minerals (includes mining and cement), oil and gas, metals, water and wastewater, power/energy, chemicals, HVAC, and food and beverage. |
3.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
4.
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11616 – KPS / INNOMOTICS
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Postal address:
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European Commission |
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Directorate-General for Competition |
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Merger Registry |
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1049 Bruxelles/Brussel |
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BELGIQUE/BELGIË |
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
ELI: http://data.europa.eu/eli/C/2024/4787/oj
ISSN 1977-091X (electronic edition)