Geberit receives green light for Sanitec acquisition

The Swiss sanitary system and parts company Geberit is on its way to take over Scandinavian Sanitec. UOKiK, The Office of Competition and Consumer Protection has given permission for the acquisition, claiming that it would not hurt competition in Poland. The two companies' market share in Poland is to reach about 40 percent for one segment: concealed cisterns. UOKiK claimed that the specializations of the companies differ significantly enough to make the acquisition fair game. The Swiss company announced the takeover of Sanitec in October of 2014. It is an international transaction and has been registered with the competition regulators of Germany, the Netherlands, Austria and France.