Brussels, 31 May 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Pon Luxury Cars GmbH (‘PLC’), Autohaus Adelbert Moll GmbH & Co. KG (‘Autohaus Moll’) and FlexxDrive GmbH by Pon Holding Germany GmbH (‘Pon Holding’) and Mr Timm Moll, all based in Germany.
PLC is a luxury car dealer. Autohaus Moll is a car dealer. FlexxDrive is a company active in the short-term car rental business.
Pon Holding is part of the Pon group, which operates in a wide range of markets in the automotive sector. Mr Timm Moll is a natural person active in the retail automotive sector.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that the overlaps between the companies’ activities in the European Economic Area are very limited. The transaction was examined under the simplified merger review procedure.