Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Novus Holdings Limited of additional shares in Mustek Limited.

The acquiring group: The acquiring group operates in the commercial printing, manufacturing, and packaging business.

The primary target undertaking:  The target undertaking operates in the IT distribution, service, and support segments. In addition, it operates in software licensing, cloud services, and enterprise solutions. 

Relevant market: The Secretariat, looking at the activities of the merging parties, defined the product market as the provision for distribution of promotional leaflets and provision of magazines in Namibia.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns.

However, as stated under section 50 of the Act, this approval does not relieve parties from complying with any other mandatory statutory approvals that any of the parties to this merger must comply with under Namibian laws.