May 11
2021
Juan Jonás
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20th April 2021
Competition & State Aid

Approval decision published: acquisition of parts of HSP by KION and Jungheinrich

Official publication has been made of the European Commission’s decision of 12 April 2021 approving, under Article 6(1)(b) of the EU Merger Regulation, the acquisition of Hoesch Schwerter Profile GmbH, of Germany (manufacturer and supplier of special steel profiles, which are used inter alia in forklift trucks and warehouse equipment, and that belongs to Italy-based Calvi Holdings S.p.A.)

The acquiring companies are KION GROUP AG and Jungheinrich AG (German manufacturers and suppliers of forklift trucks and warehouse equipment). 

The Commission concluded that the proposed acquisition would raise no competition concerns, given the limited foreseen activities of the joint venture in the European Economic Area. 

The cas

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