A PYMNTS Company

 EU Clears Joint Venture By Ceravis & Frauenhofer-Gesellschaft

By  |  May 3, 2021

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture, E-VITA GmbH, by Ceravis AG and Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung (Frauenhofer-Gesellschaft), throughout all of Germany. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The joint venture will market, use, distribute, and develop electron technology for chemical-free seed treatment. 

    Ceravis belongs to the Danish Agro Group of Denmark and is active in agricultural trade as well as production of seeds and animal feed, primarily for farmers in northern Germany. Fraunhofer-Gesellschaft conducts application-oriented research as well as contract research for government agencies and the private sector. 

    The Commission concluded that the proposed creation of a joint venture would raise no competition concerns, given the limited foreseen activities of E-VITA in the European Economic Area. The transaction was examined under the simplified merger review procedure.