The Georgian Competition and Consumer Agency (GCCA) has approved a concentration implemented through the acquisition of a 50% shareholding in LLC “ICE” by LLC “Anagi Construction,” having determined that the transaction is compatible with the competitive environment.
LLC “ICE” is active in the supply and installation of elevators, as well as heating and cooling equipment.
Within the framework of the market analysis, it was established that in 2025 the elevator import market comprised 251 undertakings, with a total market volume of GEL 84 616 166.3. The level of market concentration, as measured by the Herfindahl–Hirschman Index (HHI), amounted to 475.5 points. In the market for the import of heating and cooling equipment and related accessories, 264 undertakings were active in 2025, the market volume reached GEL 199 145 493.6, and the HHI stood at 1 134.1 points.
Accordingly, both the elevator import market and the market for heating and cooling equipment at the import level are characterized by a low degree of concentration. The target undertaking’s market share in both markets is limited. Furthermore, in the market for heating and cooling equipment, the change in the market concentration index (ΔHHI) is minimal, while in the elevator import market the concentration index remains unchanged.
In accordance with Georgian legislation, concentration is subject to notification to the Agency if the aggregate (total) joint income of its participants on the territory of Georgia, exceeds 20 million GEL and the joint income of at least two persons participating in the concentration exceeds 5 million GEL for the previous financial year. In case of bypassing the Competition Agency subject to the mandatory notification, before the Agency reviews the notification or despite the negative conclusion, the person with the obligation to submit the notification shall be fined.
