The Competition Authority has received notification of a merger following the purchase by Marel Iceland ehf., a subsidiary of Marel hf., of shares in Valka ehf. With the acquisition of Valka ehf., Marel Iceland ehf.'s share in Valka ehf. will be 91.61%. Here you can find the register of mergers of companies in Iceland where confidential information has been removed.
Marel manufactures and sells equipment for fish processing, meat processing and poultry processing. Valka, on the other hand, only has equipment for fish processing. In the opinion of the companies, the activities of the merging parties overlap only in terms of the development, production and sale of equipment for fish, more specifically both for machines belonging to primary processing and for equipment belonging to complete processing.
Pursuant to Article 17(c) of the Competition Act No. 44/2005, the Competition Authority's investigation focuses on whether the merger of the companies hinders effective competition by creating or strengthening dominant positions, or whether it causes competition to be distorted in other respects in a significant way so that the merger requires divestiture of shares.
The Competition Authority hereby requests 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 markets for the production and sale of fish processing equipment.
Comments are requested by e-mail to samkeppni@samkeppni.is within two weeks or no later than 26 July.
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