Origo hf.’s acquisition of 70 pct. of the shares in Eldhaf ehf

The Icelandic Competition Authority (ICA) has examined Origo hf.´s acquisition of 70 pct. of the shares in Eldhaf ehf. Origo hf. is an information technology service company with experience in developing and operating information technology systems and service. Eldhaf ehf. operates on the market for the sale of computers, computer-related equipment, and mobile devices, particularly from the manufacturer Apple Inc.

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.