Purchase of Vélaverkstæði Þóris ehf by Kaup UK fjárfestingar ehf

The decision concerns the acquisition of Vélaverkstæði Þóris ehf. by UK fjárfestingar ehf. A potential overlap between the undertakings concerned is primarily between Kraftvélar ehf., a subsidiary of UK fjárfestingar ehf., and Vélaverkstæði Þóris ehf.

Kraftvélar imports commercial equipment, including construction machinery and agricultural equipment, as well as operating a workshop in Kópavogur. Vélaverkstæði Þóris is a private limited company that operates a machine workshop in Selfoss.

In light of the available evidence and the Competition Authority's investigation, there are no indications that the merger will lead to the creation or strengthening of a dominant position, or that competition will otherwise be significantly distorted.