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At the request of the Federal Competition Authority
("FCA"), the Austrian Cartel Court
imposed a fine of EUR 120,000 on Pioneer & Onkyo Europe GmbH
for an infringement of Article 101 TFEU and Article 1(1) Austrian
cartel act for participation in vertical resale price maintenance
for home audio and visual equipment products (in particular
receivers, amplifiers and turntables) of the brands
"Onkyo" and "TEAC" in the period from March
2011 to April 2017. The company did not dispute the facts of the
case. The decision is final.
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