EU Commission Extends Thule/Pewag Investigation Period
The EU Commission has decided to extend its investigation into Thule’s, a world leader in Sports Utility Transportation, acquisition of Pewag Schneeketten GmbH which was made public on 31 March this year. “The European Commission needs more time to investigate into the consequences for customers and consumers in markets such as Italy, Austria and France”, comments Anders Pettersson, CEO and President of Thule AB. “The complexity of the market conditions makes this further investigation necessary and we support this step. We estimate that the final decision will be made in approximately four months”, concludes Anders Pettersson.