Norwegian Competition Authority slams Verisure and Sector Alarm with 1,2 billion kroner in fines for price collusion

Security cameraPhoto: Daniel von Appen / Unsplash
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The Norwegian Competition Authority imposed a fine of NOK 1.2 billion on the house alarm companies Verisure and Sector Alarm for illegal price collusion.

Sector Alarm was fined NOK 467.3 million already last year. 

On Wednesday, Verisure was fined NOK 766 million in the same case.

The companies participated in illegal cooperation in the sale of home alarms in the period from 2011 to 2017, according to the Norwegian Competition Authority.

The fees to the two companies are different because the fee is determined based on their turnover.

Verisure plans to appeal the decision.

“We are very disappointed with the Competition Authority’s decision. We disagree with the assessments and will appeal the decision,” press manager Glenn Støldal in Verisure in Norway noted.

© NTB Scanpix / #Norway Today

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