Merger of Opna kerfi ehf. and Titans upplýsingatækni ehf.

By letter dated 4 February, the Competition Authority was notified of the acquisition by Opinna Kerfa ehf. of all the shares in Títan Upplýsingatækni ehf. In the opinion of the Competition Authority, the acquisition constitutes a merger within the meaning of Articles 4 and 17 of the Competition Act, and the merger is subject to the merger control provisions of Article 17 of the Act, as the turnover thresholds of the provision are met. However, the Competition Authority's investigations do not indicate that the merger will harm competition. In light of this, the Authority considers that there is no reason to take further action regarding the merger under section 17 of the Competition Act.