Technology

SAP and IBM fined for cartel activities in Hungary

SAP AG is one of three vendors fined by the Hungarian competition office, the GVH. The GVH said SAP, IBM Corp, and Hungary's International System House Kft, created a secret cartel in order to win public procurement tenders in 2004.

CBR Staff Writer June 18, 2006

The parties’ intent was to win the public bids published by Hungarian universities in a total amount 13 billion forints, and to keep competitors out of the bids by means of submitting parallel bids, influencing the wording of the invitation for the bids and by conducting negotiations with main competitors, the GVH said in a statement.

SAP and IBM were fined 690m Hungarian forints ($2.9m) each, while privately owned ISH was fined 130m forints ($0.6m). SAP and IBM are expected to appeal.

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