Brussels – The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Interseroh Dienstleistungs GmbH and Impaso Online Services GmbH, both of Germany. Interseroh is a company of the ALBA group of Germany which is active in recycling and environmental services. Impaso is a company belonging to the ALSO group of Switzerland providing IT and telecommunications solutions and services for retailers.
The joint venture, ALSO bringback GmbH, will sell used telecommunications and electronic equipment and parts at wholesale level. The Commission concluded that the proposed acquisition would raise no competition concerns, because of the very low combined market shares of Interseroh and Impaso and the presence of a multitude of competitors. The transaction was examined under the simplified merger review procedure.
Source: European Commission