The antitrust watchdog said each shareholder will own 50% of the share capital of the newly established company. The new firm will develop, manufacture and endow the Romanian army with the Agilis 8×8 armored vehicles.
Under the antitrust law, an economic concentration cannot be implemented before being notified and declared compatible with a normal antitrust environment, through a decision of the Competition Council.
UAM’s core business consists in manufacturing fighting vehicles, but, over the last years, it has been engaged solely in providing maintenance and car parts delivery services towards Romania’s Defence Ministry, as well as services of civil industrial production.
Germany’s Rheinmetall Landsysteme GmbH specializes in manufacturing armoured vehicles and related services such as logistic assistance, car parts supply and upkeep. The company is part of Rheinmetall group, an integrated technology group operating in the automotive, electronics and defence industries.
The Romanian antitrust watchdog assessed the economic concentration operation in terms of its compatibility with the normal competitive environment and found it poses no significant obstacles in terms of actual competition on the Romanian market, by creating or consolidating a dominant position.