Decision Nº M/04/035 from Competition and Consumer Protection Commission, 2004-07-02

CourtCompetition and Consumer Protection Commission (Ire)
Submitted Date14 June 2004
Decision Date02 July 2004
Date02 July 2004
PartiesAxxicon,Gilde Participaties
StatusPreliminary investigation (Phase 1)
Decision NumberM/04/035
1
Determination No. M/04/035 of the Competition Authority, dated
Notification No. M/04/035 – Proposed acquisition by Gilde
Participaties BV of Axxicon Mould Technology BV
Introduction
1. On 14th June 2004 the Competition Authority, in accordance with
Section 18 (1) of the Competition Act, 2002 (“the Act”) was notified,
on a mandatory basis, of a proposal whereby Gilde Participaties BV
(“Gilde”) would acquire – through a holding company - 72.5% of
Axxicon Mould Technology BV (“Axxicon”), the remaining 27.5% of
which would be held by the current management of Axxicon.
The Parties
2. Gilde is an investment management company which is 95% owned by
Rabobank Nederland. The latter carries on business in Ireland
through, inter alia, its ownership of ACC Bank. Gilde itself does not
carry on business in Ireland.
3. Axxicon is a world leader in industrial engineered mould solutions.
These include standardised moulds, such as those for the production
of plastic products, and customer specified moulds, which are
customised moulds meeting a customer’s unique demands. Axxicon
had a turnover in Ireland of €[0 – 1m] for its most recent financial
year.
Analysis
4. There is no competitive overlap in the activities of the parties in the
State or elsewhere and therefore the transaction does not give rise to
competition concerns.

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