Merger of I. Á. Hönnun ehf. and 3X Technology

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• Case number: 04/2014
• Date: 28/2/2014
• Company:
  • 3X Technology ehf.
  • Í. Á. Hönnun ehf.
• Sectors:
  • Specialist service and other services
• Policy Area:
  • Mergers
• Summary

  The Competition Authority has examined the acquisition by I. Á. Hönnun ehf. of 63,5% of the shares in 3X Technology ehf. Hönnun ehf. is a holding company and has a controlling stake in Skaginn hf. which is a technology firm specializing in food production technology, especially in the fishing industry. 3X Technology ehf. is also a technology firm specializing in food production technology. The Competition Authority came to the conclusion that there is no reason til interfere in the merger on the basis of article 17 in the Competition Act.