The Competition Authority received a notification regarding the merger of Marel Iceland ehf., a subsidiary of Marel hf., and its acquisition of shares in Völku ehf. Through the acquisition, Marel Iceland ehf. acquires a 91.61% stake in Völku ehf. Here you can find the merger document of the companies, from which confidential information has been removed.
Marel manufactures and sells equipment for fish processing, meat processing, and poultry processing. Valka, however, only has equipment for fish processing. In the companies' view, the activities of the merger parties overlap only with regard to the development, production and sale of equipment for fish, specifically both machinery for primary processing and equipment for further processing.
In accordance with Article 17(c) of the Competition Act No. 44/2005, the investigation by the Competition Authority focuses on whether the merger of the companies hinders effective competition by creating or strengthening a dominant position, or otherwise significantly distorts competition, such that the merger requires potential intervention.
The Competition Authority hereby invites comments and views from all stakeholders and others who may wish to comment on the merger., such as its possible positive or negative effects on competition in the relevant markets for the production and sale of fish processing equipment.
Comments are requested by email to the address samkeppni@samkeppni.is within two weeks or by 26th July at the latest.
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