# m8312.docx

| | EUROPEAN COMMISSION |
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EUROPEAN COMMISSION

Brussels, 21.4.2017

PUBLIC VERSION

C(2017) 2810 final

C(

2017) 2810 final

To the Notifying party:

To the Notifying party:

Subject:Case M.8312 - PANASONIC CORPORATION / FICOSA INTERNATIONAL

  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.8312 - PANASONIC CORPORATION / FICOSA INTERNATIONAL

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 27 March 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Panasonic Corporation (‘Panasonic’, Japan) acquires, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control over Ficosa International (‘Ficosa’, Spain) by way of purchase of shares.
  3

1.

On

27 March 2017

,

the

European

Commission received notification of a proposed concentration pursuant to Article 4

of

the

Merger

Regulation by which

Panasonic Corporation (‘Panasonic’, Japan) acquires, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control over

Ficosa

International (‘

Ficosa

’, Spai

n) by way of purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-Panasonic is active in the development and engineering of electronic technologies and solutions across various sectors.

-

Panasonic is active in the development and engineering of electronic technologies and solutions across various sectors.

-Ficosa focuses on the investigation, development, manufacture and commercialisation of systems and components for different types of vehicles.

-

Ficosa

focuses on the investigation, development, manufacture and commercialisation of systems and components for different types of vehicles.

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 5(d) 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

5

(

d

)

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.