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Merger Notification - Announcement according to § 10 Cartel Act

IFS Americas, Inc.; Marathon Acquisition, lnc.

BWB/Z-3665 04.10.2017

On 04.10.2017 the following merger was notified at the Federal Competition Authority:

Planed merger:

​IFS Americas, lnc. (Itasca, USA) intends to indirectly acquire sole control over Marathon Acquisition, lnc. (Neptune, USA) and its subsidiaries, including WorkWave LLC. The intended concentration concerns intuitive cloud-based Field Service Management Solutions, Fleet Management Solutions and Marketing Solutions.

Industry sector:  Other service activities

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.11.2017.

Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.

Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.

Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 03.11.2017 .

Non-prohibition of the merger with remedies - Announcement pursuant to § 15 Cartel Act

The decision is legally binding.