Budmar will merge with Optifin with the Tatravagónka acquisition.
SLOVAKIA’s competition authority has approved the merger of Budamar Logistics and Optifin Invest with the joint acquisition of freight wagon manufacturer Tatravagónka.
The Antimonopoly Office of the Slovak Republic says it assessed the effects of the merger on the production and the sale of rail freight wagons, the provision of services of rail freight transport, rental of rail freight wagons, and the provision of services of repairs and modernisation of rolling stock, and found there would be no negative effects.
The office says there was no overlap in rolling stock production, as Tatravagónka’s production of freight wagons and the passenger coaches produced by ŽOS Vrútky, which Budamar acquired earlier this year, are in separate markets.
It says it also took into account the fact that Optifin already owned the Tatravagónka group before the merger.