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Merger of Fagkaup ehf. and Hagblikk ehf

The Icelandic Competition Authority (ICA) has examined the merger of Fagkaup ehf. and Hagblikk ehf. The operations of the companies do not overlap. Hagblikk’s operations include the import and sale of roofing chute systems, ventilation systems and blowers, and ventilation pipes/shafts and fittings for ventilation tubes. Fagkaup´s operations do not involve the aforementioned product categories. The ICA 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.