Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Flamco, Reflex Winkelmann Agree to Settle EU Water Probe

June 27 (Bloomberg) -- Flamco Wemefa GmbH and Reflex Winkelmann Gmbh & Co agreed to pay 13.7 million in antitrust fines to end a European Union antitrust probe over collusion to fix water management products.

The European Commission said Flamco and Reflex operated a cartel with Pneumatex AG to fix prices for products used in heating, cooling and sanitation systems in Germany from 2006 to 2008. Reflex and Pneumatex also colluded over sales in 13 other EU states for three months, regulators said.

Closely held Reflex Winkelmann was fined 9.8 million euros and Flamco was fined 3.87 million euros. Pneumatex escaped a fine because it was the first to inform regulators of the cartel.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.