Arctic Adventures hf. purchase Raufarhóll ehf.

The Icelandic Competition Authority investigated the purchase by Arctic Adventures hf. of Raufarhóll ehf. Both companies are active in the market for tour operators, mainly for day tours around Iceland. The geographical market is Iceland. The Competition Authority concluded that there were no grounds to intervene because of the merger, as there were no indications that a dominant market position would be formed or that the merger would otherwise lead to a significant distortion of competition.