Updated: 12 June 2025
On this page, you can find information on the status of merger cases under investigation by the Competition Authority. Further down the page, you can also see a list of cases that have been investigated during the year. Finally, you will also find more detailed information on the deadlines and procedure for merger cases. Please note that merger cases may be at a preliminary phase, but such preliminary discussions are subject to confidentiality and these cases will not appear on the list below.
Merger case for consideration:
| Merger |
Date of receipt of a satisfactory merger notification |
Phase l or ll | Deadline for the relevant phase |
|---|---|---|---|
| Merger of Másbúðir ehf., Leitar I slhf., Fit Food ehf. and Pure Performance ehf. | 14 May 2025 | I | 23 June 2025 |
| The merger of Icelandia Travel Agency Ltd. (Kynnisferðir, Flybus, etc.) and part of Reykjavík Sightseeing Invest Ltd. (Greyline, Airport Direct, etc.) | 23 May 2025 | I | 2 July 2025 |
| Merger of Terra Unitaries Ltd. and Tæki.is Ltd. | 27 May 2025 | I | 4th July 2025 |
| Purchase of 201 Hotel ehf. by Flóra Hotels ehf. | 4 June 2025 | I | 11 July 2025 |
| Purchase by Samhentir – Kassagerð hf. at Plastco Ltd. |
4 June 2025 | I | 11 July 2025 |
| Merger of Hamravallar ehf. and Verkland ehf. | 10 June 2025 | I | 16 July 2025 |
| The acquisition of Kraft ehf. by ST holding ehf. (Steypustöðin o.fl.) and Mókolls ehf. | 10 June 2025 | I | 16 July 2025 |
Merger cases concluded 2025:
| Decision | Merger |
|---|---|
| 20/2025 | Acquisition of Happy Campers ehf. by Arctic Adventures hf. |
| 19/2025 | Merger of Heima hf., Gróskuhf. and Gróðurhúsið hf. |
| In progress | Merger of UK Investments Ltd. (Kraftvélar ehf., Bílanaust ehf. etc.), and Vélaverkstæði Þóris ehf. |
| 18/2025 | Purchase of Tryggvagötu ehf. by Kaup Heima hf. |
| 17/2025 | Merger of Stamina Ltd. and Helgi Einar Nonni Ltd. (The Golf Clubhouse) |
| 16/2025 | Purchase of Sjávarsýn ehf. by Köfunarþjónustan ehf. |
| 15/2025 | Purchase of the media operations of Sólartún ehf. (Mannlíf) by Sameinaða útgáfufélagið ehf. |
| In progress | Merger of Samkaup hf. and Atla ehf. (Heimkaup) |
| 14/2025 | The acquisition of Ankra ehf by Ölgerð Egils Skallagrímssonar hf. |
| 13/2025 | The acquisition of Lyf og heilsu, LHH25 ehf., by Alfa Framtaks, AU 26 ehf. |
| 11/2025 | Merger of IS Haf Investments Ltd and NP Innovation AB |
| 10/2025 | Purchase of DS Solutions Ltd. by Fagkaupa ehf. |
| 8/2025 | Merger of Starfish Bidco, Benchmark Genetis and Benchmark Norway |
| 7/2025 | Purchase of Jökla ehf., Hekla at Stillingu hf. |
| 6/2025 | The acquisition of Internet á Íslandi hf. (ISNIC) by SÍA IV L.L.C. and Stefnis hf. |
| In progress | The acquisition of TM Insurance Ltd. by Landsbankinn hf. (finished with agreement) |
| The acquisition by Míla hf. of the fibre-optic network of Eyglóar eignarhaldsfélags ehf. (Notice withdrawn)* | |
| In progress | Merger of Fagkaupa ehf. and Jóhanns Ólafssonar & Co. ehf.finished with agreement) |
| 9/2025 | The acquisition by Síminn hf. of part of the operations of Rapyd Europe hf. |
| 4/2025 | The acquisition of Hotel Eyja by Alfa Framtaks, AU 23 ehf. |
| 3/2025 | The purchase of Gunnars ehf. by Myllunnar-Ora ehf. |
| 1/2025 | Purchase of KAPP etc. at 3X Skagan |
| Merger of Styrkáss hf., Kletts sölu og þjónustu ehf., and Krafts ehf.Notice withdrawn)* |
The Competition Authority provides a more detailed account of the case's resolution on its website.
Mergers concluded in 2024:
| Decision | Merger |
|---|---|
| 32/2024 | Purchase of Lyfju hf. by Festi hf. |
| 31/2024 | Merger of Jökla ehf., Hekla ehf. and Dekkjasalan ehf. |
| 27/2024 | Merger of Kaldalóns ehf. and K190 ehf. |
| 26/2024 | The acquisition by Síminn hf. of all shares in Noona Iceland ehf. |
| 25/2024 | Merger of Kristins ehf. and Eva consortium ehf. |
| 24/2024 | Merger of SÍA IV Ltd., Stefnis Ltd. and Örn Ltd. |
| 23/2024 |
Purchase |
| 22/2024 | Merger of Skírnis ehf. and Prime Hotels ehf. |
| 20/2024 | The acquisition of Íslensk verðbréf hf. by Kaup Skaga hf. (VÍS). |
| 19/2024 | Merger of TK bílar ehf. and Bílaverkstæðis Austurlands ehf. |
| 18/2024 |
Merger of Ísafold Capital Partners hf., IC 1 ehf. and Steinsteypunnar ehf. |
| 16/2024 | Merger of Vara ehf., Stekkur ehf. and Securitas hf. |
| 15/2024 | Merger of Síminn hf., BBI ehf., Billboard ehf. and Dengsi ehf. |
| 14/2024 | Merger of Terra Eininga ehf. and Öryggisgirðinga ehf. |
| 13/2024 | Purchase of Búvís ehf. by Skeljungur ehf. |
| The purchase by Síldarvinnslan hf. of a 50% stake in Ice Fresh Seafood ehf. of Samherji Ltd. (tNotice withdrawn) |
|
| 11/2024 | Merger of AU 23 ehf. and Magmahótel ehf. |
| 30/2024 | Merger of Hornsteins Ltd. and Gravel and Sand Ltd. |
| The takeover of Eik Fasteignafélag hf. by Reginn hf. (Notice withdrawn)* | |
| 10/2024 | Purchase of a printing press, etc., by Landsprent ehf. from the bankruptcy estate of Torg ehf. |
| 9/2024 | Ardian's acquisition of Verne Global hf. |
| 8/2024 | Merger of M10 ehf., Samhentra Kassagerðar hf. and Sampack ehf. |
| 7/2024 | Samhentra Packaging Ltd.'s acquisition of Formar Ltd. |
| 6/2024 | Merger of SRE III Ltd, Stefnis Ltd and Heimstaden Ltd. |
| 5/2024 | The purchase by Eggs ehf. of all shares in Bílaleigu Flugleiða ehf. |
| 4/2024 | Merger of Styrkás hf., Stólpa gáma ehf., Stólpa ehf., etc. |
| 3/2024 | Thermo Fisher Scientific's acquisition of Olink Holding AB |
Handling of merger cases and procedural speed
The Competition Authority endeavours to resolve cases in the shortest possible time, but by its very nature, investigations into proposed mergers can be complex and comprehensive. While an investigation is underway, the merger must not be implemented.
The Competition Authority will not investigate a merger until a sufficient merger notification has been submitted to the Authority. In other words, this means that the merger notification in question complies with the Competition Authority's rules on notifications and merger proceedings and therefore contains the necessary information on matters that may be relevant to the assessment of the merger's effects on competition.
When a merger notification has been received which the Competition Authority deems sufficient, statutory time limits begin to run. and then the merger appears on the summary above.
The Competition Authority and companies can also have pre-notification merger discussions to prepare the notification and the subsequent proceedings. Such discussions are confidential and take place before a notification is submitted and before any deadlines begin to run.
Deadlines in merger cases
The Competition Authority has 25 working days for an assessment of the competitive effects of a merger after it has been duly notified. At this stage, the investigation is considered to be at the „phase l.“
If the Competition Authority deems there to be grounds for a further investigation into the competitive effects of a merger, the authority shall notify the merging parties. That part of the investigation is called „phase two.“
The decision of the Competition Authority to annul or impose conditions on a merger shall be made available, no later than 90 working days after the relevant companies were sent a notification of a further investigation into the merger (i.e. a Phase II notification).
If merger parties, who have requested settlement talks with the Competition Authority, submit possible conditions for the merger on the 55th business day of the second phase of the investigation or later, the deadline for the merger investigation is automatically extended by 15 business days.
At the request of the merging parties, the Competition Authority is permitted to extend the above-mentioned merger investigation deadlines by up to 20 working days.
All notified mergers are investigated by the Competition Authority to determine whether a dominant position will be created or strengthened, or whether they will otherwise lead to a significant distortion of competition in the market. If this is not the case, the mergers are approved without intervention from the Competition Authority.
Read more here on mergers in general and Further information is available here. on merger notifications.
Mergers concluded in 2023:
| Decision | Merger |
|---|---|
| 48/2023 | Merger of Vélsmiðja Orms ehf. and Stálsmiðjunnar-Framtaks ehf. |
| 47/2023 | Purchase by Viking Car Rental ehf of part of the operations of Amazingtours ehf. |
| 46/2023 |
The purchase by IS Haf Investments Ltd. of at least a 40.1% stake in KAPP Ltd. |
| 45/2023 | The acquisition by Deloitte ehf. of the assets and business of Ernst & Young ehf. |
| 44/2023 | Merger of Opinna Kerfa ehf. and TRS ehf. |
| 43/2023 | Norvik hf.'s acquisition of Bergs Timber AB |
| 42/2023 | The acquisition of Já hf. by Síma hf. |
| 41/2023 |
Merger of Alfa framtaks ehf., Umbreytingar II slhf., AU 23 ehf. and Hríseyjar ehf. |
| 40/2023 | The purchase of flats by the Búseta housing cooperative in owned by Heimstaden ehf. |
| 39/2023 | Purchase of all shares in Djúpalón ehf. by Innness ehf. |
| 38/2023 | Merger Alfa Framtaks ehf., Umbreytingar II slhf., AU 24 ehf. and Reykjafells ehf. |
| 37/2023 | The purchase of Sýn hf.'s core network by Ljósleiðarinn ehf. |
| 36/2023 | Merger of Landsbréfa hf., Horns IV slhf., Skeljar fjárfestingafélags ehf. and Styrkáss ehf. |
| 35/2023 | The acquisition of Thekkning – Tristan hf. by Wise Solutions ehf. |
| 34/2023 | Merger of Vekru ehf./Bílaumboðsins Öskju ehf. and Dekkjahallarinnar ehf. |
| 32/2023 | Merger of M Invest ehf. and Metatron ehf. |
| 31/2023 | Acquisition of Öryggismiðstöð by L1234 ehf., VEX I slhf. etc. Icelandic Ltd. |
| 27/2023 | The acquisition by Vátryggingafélag Íslands hf. of all the shares in Fossar Investment Bank hf. |
| 26/2023 | Merger of Landsbréfafélagið hf. and TFll slhf. |
| 25/2023 | Merger of Horns IV Ltd and REA ehf. |
| 23/2023 | Merger of Travel Connect Ltd. and Iceland Unlimited Ltd. |
| 22/2023 | Eðalfang ehf.'s acquisition of a majority stake in 101 Seafood ehf. |
| 21/2023 | Merger of Umbreytingar II slhf., AU 23 ehf. and Hotel Hamars ehf. |
| 20/2023 |
Merger of Umbreytingar II slhf., AU 23 ehf. and |
| 19/2023 | Merger Orkunnar IS ehf., Skel fjárfestingafélags hf. and Wedo ehf. |
| 18/2023 | Purchase of Apóteki Hafnarfjarðar ehf. by Lyfja og heilsa hf. |
| 17/2023 | Merger of Fálkinn Ísmar Ltd. and Iðnvélar Ltd. |
| 16/2023 | Ardian's acquisition of all shares in Míla ehf. from Síminn hf. |
| 15/2023 | Purchase of Mat og pökkun ehf. by Artasan ehf. |
| 14/2023 | Acquisition of Five Degrees Holding B.V. by Topicus.com B.V. |
| 13/2023 | Merger of Vinnslustöðin, Ós Fisheries and Leo Seafood |
|
Sale of Gleðipinnar II – merger of Gleðipinnar Ltd., Kaupfélag Skagfirðinga Cooperative Society Ltd., Háa klettar ehf., Granat Ltd., Hinir ehf., Jöklaborg ehf., Eldheima ehf. and ÞR ehf. |
|
| 11/2023 |
Sale of Gleðipinnar I – merger of Gleðipinnar Ltd., Kaupfélag Skagfirðinga Cooperative Society Ltd., and Hái klettur Ltd. |
| 10/2023 | Merger of Ísfélag Vestmannaeyja hf. and Rammi hf. |
| 9/2023 | The acquisition of Concept Events by Sena and Draupnis Investment Company |
| 8/2023 | A joint project by Origo and Borealis Data Center to provide high-performance computing (HPC) services |
| 7/2023 | Purchase by Pac1501 ehf. of part of the operations of Allrahanda GL ehf. |
| 6/2023 |
Merger |
| 5/2023 | Merger of Hampiðjan hf. and Mørenot |
| 3/2023 | Alfa Initiative's takeover bid for Origo |
| 2/2023 | The merger of Stundin and Kjarninn |
| 1/2023 | Merger of Kaupfélag Skagfirðinga svf. and Gunnars ehf. |
Mergers concluded in 2022:
| Decision | Merger |
|---|---|
| 30/2022 | Merger of Langasjávar ehf. and K-102 ehf./Freyju |
| 29/2022 | Merger of SalMar ASA and NTS ASA |
| 28/2022 | The merger of Síldarvinnslan and Vísir |
| 27/2022 | Purchase of a share in Eðalfangi ehf. by Horns IV slhf. |
| 26/2022 | Merger of Top ehf./Bílaumboðið Öskja ehf. and Lotus Car Rental ehf. |
| 25/2022 | The acquisition of Jarðborunum hf. by Archer Norge AS and Kaldbaks ehf. |
| 24/2022 | Merger of Heimilistækja ehf. and Ásbjörns Ólafssonar ehf. |
| 23/2022 | Purchases of Eldum rétt ehf. by Haga hf. |
| 22/2022 | Merger of Fagkaupa ehf. and BG Fossberg ehf. |
| 21/2022 | Merger of Nesnúps ehf. and Aflhluta ehf. |
| 20/2022 | Merger of Innness ehf. and Örka Heilsuvara ehf. |
| 19/2022 | Purchase of Egg ehf. by Mítra ehf. |
| 18/2022 | Arnarlax hf.'s acquisition of the fish farm Ísþór hf. |
| 17/2022 | Purchase of Expert ehf., Expert kæling, 1311 Heild and Fossraf ehf. by Fastus ehf. |
| 16/2022 | The acquisition of shares in Klasa ehf. by KLS ehf., Reginn hf. and Hagar hf. |
| 15/2022 | Merger of Fagkaupa ehf. and Hagblikks ehf. |
| 13/2022 | Merger of Rapyd and Valitor |
| 12/2022 | Rotovia hf.'s acquisition of all shares in Promens |
| 11/2022 | Merger of Fagkaupa ehf. and ÍJ ehf. |
| 10/2022 | Purchase of Heimsferðir ehf. by Íslands ferðaskrifstofa ehf. |
| 9/2022 | Purchase of Steingarður ehf. by Gröfu og grjóts ehf. |
| 8/2022 | The acquisition by Rubix Íslandi ehf. of all shares in Verkfærasalan ehf. |
| 6/2022 | Merger of Nesfisks ehf. and Flatfisks hf. |
| 5/2022 | Purchase of Auðkenni ehf by the State Treasury. |
| 4/2022 | Horn's IV acquisition of the 22% share in S4S ehf. |
| 3/2022 | Purchase of Límtré Vírnet ehf. by Stekkur Investment Company ehf. |
| 2/2022 | Purchase of Snóki Services Ltd. by Hreinsitækni ehf. |
| 1/2022 | Merger of Opinna kerfa ehf. and Premis ehf. |
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