The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the acquisition of part of the share capital of Fameline Technologies Group Ltd by Mariapps Marine Solutions Cyprus Ltd.
Fameline Holdings Group Ltd is a company duly registered under the laws of the Republic of Cyprus. Fameline Holdings is a Group of companies with a presence in the shipping, oil and gas industry sectors. The Group's commercial activities include the supply of marine equipment and spare parts, the supply of lubricants and fuels, satellite communications services and a range of technical services.
MariApps Marine Solutions Cyprus Ltd is a company duly registered under the laws of the Republic of Cyprus. Mariapps Cyprus is a technology company that focuses on providing customized applications and software for shipping businesses. This company belongs to Schulte Group which is primarily engaged in ship ownership, ship management, maritime software development and a wide range of other specialized maritime services.
Fameline Technologies Group Ltd is a company duly registered under the laws of the Republic of Cyprus, established for the purposes of the proposed merger, has not carried out any business activity and is owned by Fameline Holdings Group Ltd.