# m8807.docx

| | EUROPEAN COMMISSION |
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EUROPEAN COMMISSION

Brussels, 18.4.2018

C(2018) 2465 final

PUBLIC VERSION

To the notyfing parties:

To the

notyfing

parties:

Subject:Case M.8807 - SPECTRIS / MACQUARIE GROUP / SOUNDWAVE HOLDINGS

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case

M.8807 - SPECTRIS / MACQUARIE GROUP / SOUNDWAVE HOLDINGS

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 21 March 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Spectris Group Holdings Limited (United Kingdom), belonging to the Spectris group ("Spectris", United Kingdom) and Macquarie Corporate Holdings Pty Limited (Australia), belonging to the Macquarie group ("Macquarie", Australia), acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, by way of purchase of shares, joint control of Soundwave Holdings Pty Ltd ("Soundwave Holdings" or "JV", Australia), a newly created JV to which Spectris will contribute part of its business.
  3

1.

On

21 March 2018

, the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

Spectris

Group Holdings Limited (United Kingdom), belonging to the

Spectris

group ("

Spectris

", United Kingdom)

and

Macquarie Corporate Holdings Pty Limited (Australia), belonging to the Macquarie group ("Macquarie", Australia),

acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation

,

by way of purchase of shares,

joint control of

Soundwave Holdings Pty Ltd ("Soundwave Holdings" or "JV", Australia)

,

a newly created JV to which

Spectris

will contribute part of its business.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

–
     for Spectris : manufacture and supply of productivity-enhancing instrumentation and controls for technically-demanding industrial applications,

–

for

Spectris

: manufacture and supply of productivity-enhancing instrumentation and controls for technically-demanding industrial applications,

–
     for Macquarie : asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities,

–

for

Macquarie : asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities,

–
     
     for Soundwave Holdings : environmental monitoring services to businesses.

–

for

Soundwave Holdings : environmental monitoring services to businesses.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraphs 5(a) and 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

3.

After examination of the notification, the

European

Commission has concluded that the notified operation falls within the scope of

the

Merger

Regulation

and of

paragraph

s

5

(

a

)

and

5

(

c

)

of the Commission Notice on a simplified procedure for treatment of certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the

European

Commission has decided not to oppose the notified operation and to declare it compatible with the

internal

market and with the EEA Agreement. This decision is adopted in application of Article 6(1

)(

b) of

the

Merger

Regulation

and Article 57 of the EEA Agreement

.

For the Commission


  (Signed)


  Johannes LAITENBERGER
  Director-General

For the

Commission

(Signed)

Johannes LAITENBERGER

Director

-

General

OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.