The CNMC officially confirms that Ohmnia can take over Azkoyen and rules out risks to competition
Competition includes the acquisition of the Navarrese group among the ten concentrations authorised in September and confirms that there are no horizontal or vertical overlaps between the two companies.
The National Commission on Markets and Competition (CNMC) has published today, 22 October, its balance sheet of authorised mergers during September, in which the acquisition of Azkoyen by Ohmnia Electronics is expressly included.
The regulatory body confirms that Ohmnia Electronics, S. L. acquires sole control of Azkoyen, S. A. , a company listed on the Madrid and Bilbao stock exchanges, in the framework of a transaction whose takeover bid is valued at approximately 244.5 million euros.
The CNMC explains that Ohmnia is an industrial and technological group specialising in the design and manufacture of electromechanical solutions for manufacturers of Original Equipment (OEM) from different technology sectors.
For its part, it identifies Azkoyen as the head of an industrial group specialising in coffee machines and vending machines , automated payment systems and security solutions.
Precisely, the analysis of the activities of both companies has led Competition to conclude that the concentration does not represent a threat to the competitive functioning of markets.
The CNMC expressly states that there is no horizontal or vertical overlap in the markets analysed, which is why it has authorised the operation without imposing conditions.
The acquisition of Azkoyen, a company with an important track record in payment systems and technologies for automatic machines, is of special interest to the industry of the game because of its historical link with this field.
The operation is part of the ten business concentrations approved by the CNMC during September, all of which were resolved in the first phase.
