02 05 2024
                                                                                                    
                                                                    commitments                                                            
                                            

                    
                                        
                        

                                                    
                                                                
                                
                                                    
                            
                                            
                    

The Competition Council has recognised that Kauno liftai has properly implemented its commitments by selling a part of the acquired business and thus restoring effective competition in the markets for maintenance, repair, and replacement of lifting equipment in Lithuania. 



In July 2023, the Competition Council granted permission to the company Kauno liftai to proceed with a concentration by acquiring 100% of the shares of companies Baltijos liftai and Šiaulių liftas, subject to certain commitments. These commitments included transferring the contracts for maintenance and (or) repair services of Baltijos liftai and Šiaulių liftas elevator installations in Panevėžys, Utena, and Kaunas regions to the third parties. Additionally, Kauno liftai was to handle the maintenance of the elevators older than 25 years and replacement of the elevators not installed by them in Vilnius region.  



The fulfilment of the above-mentioned commitments was supervised by the team of the trustee, which provided the Competition Council with an opinion and assessment on the candidates for purchasing the business to be divested and other conditions for the implementation of the commitments and monitored the negotiation process with the potential buyer. 



Having assessed the reports and other information provided by the trustee, the Competition Council concluded that Kauno liftai had duly fulfilled its obligations by transferring the planned part of the business to the buyer – Paradis. The latter took over the assets, rights and liabilities separated from Baltijos liftai, Šiaulių liftas and Kauno liftai, based on which two new companies, Šiaurės projektas and Sostinės projektas, were established. 



Please be reminded that in May 2022, the Competition Council decided to apply the merger control procedure on its own initiative and obliged Kauno liftai to submit a notification on the transaction in May 2021, when 100% of the shares of Baltijos liftai and Šiaulių liftas were acquired. As the combined gross revenues of the above companies in 2020 did not exceed the threshold of EUR 20 million provided under the Law on Competition, Kauno liftai was not required to notify the proposed concentration and obtain a clearance from the Competition Council. 

                                        

                                                                                                        
                                
                    Share
        
        
            
                
            
            
                
            
        
    

                                                                            Last updated: 02 05 2024

Kauno Liftai Successfully Implements Commitments

In July 2023, Kauno Liftai was allowed to acquire Baltijos Liftai and Šiaulių Liftas, with conditions to divest certain business parts. The Competition Council supervised the fulfillment of commitments, leading to the establishment of two new companies. This case involved merger control, commitments fulfillment, and competition restoration in the elevator equipment sector in Lithuania.

Kauno Liftai Successfully Implements Commitments

The Competition Council has confirmed that Kauno Liftai fulfilled its commitments by divesting part of the acquired business, ensuring competition in the maintenance, repair, and replacement of lifting equipment markets in Lithuania.