The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of LynqTech GmbH by Hanwha Q CELLS GmbH and enercity digital GmbH (‘enercity’), all of Germany.
LynqTech is active in the development, implementation, operation, marketing and licensing of IT-based sales solutions for companies, mainly in the energy sector.
Hanwha Q CELLS is an energy solution provider, active in the manufacturing of solar cells and modules as well asin the provision of solar solutions for buildings and large solar power plants. Enercity is a utility service provider distributing electricity, natural gas, district heating, wood energy and drinking water.
In addition, it offers energy-related services and operates power plants and power-to-heat plants for district heating, as well as biogas plants.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the very limited horizontal overlaps and the absence of vertical relationships between the companies’ activities. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10863.