Flamco, Reflex, Pneumatex fined for coordinating prices of water management products
The European Commission has fined Flamco, Reflex, and Pneumatex for operating a cartel to coordinate prices of water management products. The three producers set prices for Germany from June 2006 to May 2008. Reflex and Pneumatex coordinated prices for 13 other EU countries for three months in 2006. Water management products, such as expansion vessels, pressure maintenance systems, water make-up systems, degassers, air vents, separators and safety valves are used in heating, cooling and sanitation systems.
Pneumatex received full immunity from fines under the Leniency Notice. Fines were reduced by 10 percent for all three companies under the Settlement Notice. Flamco is fined 3.87 million euros; Reflex is fined 9.791 million euros.
Full content: EC Press Release
Related content: Be the First to Tell: A Film About Leniency
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI