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Alfa Framtak‘s takeover bid on Origo

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  • Case number: 3/2023
  • Date: 20/2/2023
  • Company:
    • Origo hf
    • Alfa framtak ehf.
  • Sectors:
    • Telecommunications, IT and media
  • Policy Area:
    • Mergers
  • Summary

    A decision was taken in regards to the takeover bid of Alfa Framtak on Origo. The activities of the merging parties do not overlap in such a way that there was a reason for intervention.

    The markets of the case were several, e.g. market for IT services.

    After investigation it was concluded that there was no reason for intervention, as that a possible merger would not have the effect of creating or strengthening a dominant market position, or otherwise distorting competition in a significant way. For that reason, it was the conclusion of ICA that there were no grounds for taking action regarding this case on the basis of Article 17. c of the Competition Act