On March 17, the Antitrust Office (PMÚ) approved the merger of Eltodo and Vegacom, two divisions of Czech companies that operate in Slovakia, the SITA newswire wrote.
Eltodo was given permission to take indirect exclusive control over Vegacom through Eltodo Investment, PMÚ spokesperson Alexandra Bernáthová said.
"The concentration neither creates, nor strengthens the position of the dominant market player, Eltodo, which would be a significant obstacle to effective economic competition," the PMÚ stated.
Eltodo focuses on the energy sector, traffic, public lighting, industrial and administration buildings, production, and airports and heliports segments. It has been operating in Slovakia through its Slovak branches, Eltodo EG, Eltodo Osvetlenie, Kmet Handlova, Veros Košice and Energovod Slovakia, the last of which is not conducting activity at present.
Vegacom Praha provides integrated solutions ranging from project elaboration to its implementation and after-sales service. The company focuses on security and communication technologies, telecommunication systems and networks and IT solutions. Vegacom has been operating in Slovakia through its daughter companies, Telemont Slovensko and Vegacom Slovakia.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
25. Mar 2008 at 15:00