The European Fee has invited suggestions on Hanwha Q Cells‘ acquisition of an IT firm that was beforehand held by the town of Hanover, Germany.
A discover printed by the fee this week indicated that it’s analyzing the acquisition of a 66% stake in IT gross sales system developer LynqTech GmbH. Hanwha Q Cells GmbH, the South Korean photo voltaic firm’s German unit, introduced the acquisition in the summertime.
In July, Hanwha mentioned it supposed to make use of LynqTech for its good power buying and selling operations. LynqTech, which makes a speciality of IT-based gross sales for power firms, was managed by the VVG holding firm of the town and area of Hanover, through its Enercity Digital GmbH utility.
The fee has requested for submissions about whether or not the proposed acquisition can be in keeping with its mergers and acquisition rules. Suggestions on the proposed acquisition have to be submitted by Thursday, Oct. 6.