Wabtec / Dellner merger inquiry
The Competition and Markets Authority (CMA) investigated the anticipated acquisition by Westinghouse Air Brake Technologies Corporation (Wabtec) of Couplers Holdco AB (Dellner).
Statutory timetable
| Date | Action |
|---|---|
| 14 July 2025 | Decision announced |
| 25 June 2025 | Launch of merger inquiry |
| 17 June 2025 to 1 July 2025 | Invitation to comment |
Phase 1
CMA decision not to refer to phase 2
14 July 2025: The CMA has decided, on the information currently available to it, not to refer the anticipated acquisition by Westinghouse Air Brake Technologies Corporation of Couplers Holdco AB to a phase 2 investigation under the provisions of the Enterprise Act 2002, using the 鈥榙e minimis鈥� exception. The full text of the decision will be published shortly.
Launch of merger inquiry
25 June 2025: The CMA announced the launch of its merger inquiry by notice to the parties.
- (25.6.25)
Invitation to comment: closed
17 June 2025: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party. The CMA has not yet launched its formal investigation into this transaction. Written representations about any competition issues should be provided by the deadline set out above.
Contact
Please send written representations about any competition or public interest to: wabtec-dellner@cma.gov.uk
Privacy notice
Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law.
The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice
Updates to this page
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Decision not to refer to phase 2 published.
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Commencement notice published.
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First published.