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Kauno Liftai Successfully Implements Commitments

01.05.2024 | 🇱🇹 Lithuanian competition authority

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


The Competition Council has confirmed that Kauno Liftai has met its commitments by divesting a portion of the acquired business, thereby reinstating competition in the maintenance, repair, and replacement markets for lifting equipment in Lithuania.

In July 2023, Kauno Liftai received approval from the Competition Council to acquire 100% of the shares of Baltijos Liftai and Šiaulių Liftas, subject to specific commitments. These commitments involved transferring maintenance and repair service contracts in certain regions and handling maintenance and replacement of specific elevators.

The implementation of these commitments was overseen by a trustee team, which assessed potential buyers for the divested business and monitored the negotiation process. The Competition Council reviewed reports and confirmed that Kauno Liftai fulfilled its obligations by transferring the business to Paradis, leading to the establishment of two new companies.

In May 2022, the Competition Council initiated a merger control procedure and required Kauno Liftai to submit a notification for the acquisition of Baltijos Liftai and Šiaulių Liftas in May 2021. Since the combined revenues did not exceed the threshold, Kauno Liftai was not initially obligated to notify the concentration.

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