No grounds for intervention regarding the merger of Vélsmiðja Orms and Stálsmiðjunnar-Framtaks

The Competition Authority
has handled the acquisition by Vélsmiðja Orms ehf. of all shares
Stálsmiðjunnar-Framtaks ehf. The companies are competitors, among other things, in repairs and
ship maintenance, but few have slipway facilities in this country, especially for launching
larger ships.

From
for the above reason and due to the possible harmful effects of the merger, considered
The Competition Authority finds it necessary to subject the transaction to a thorough investigation.
A wide range of data and information has been obtained from market participants and others.
stakeholders.

To
in the preceding aforementioned study and in the collection of additional data in the final stages
The Competition Authority believes that there are no grounds for this.
intervene regarding the merger. Will the Competition Authority therefore not take action?
Rather, the matter is considered concluded. A more detailed decision on the investigation
will be published later on the regulator's website.