Merger of Fálkinn Ísmars Ltd. and Iðnvélar Ltd.

The merger parties announced the acquisition by Fálkinn Ísmar ehf. of all the shares in Iðnvélar ehf. via a short notice, due to the low overlap in the companies' activities, which are primarily tools and pumps. According to the available information, the companies' market share in the common product categories appeared to be significantly low, and the competitive effects of the merger were limited. The case was therefore closed at the first-phase stage without intervention.