Prior notification of a concentration (Case M.11262 – FRAMATOME / NAVAL GROUP / JEUMONT ELECTRIC)
Date: 2023-11-24
Institutions: Directorate-General for Competition, European Commission
Subjects: boiler, economic concentration, electric machinery, machinery, merger control, nuclear fuel, shipbuilding, vessel, warships








C_202301208EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2023/1208


24.11.2023






Prior notification of a concentration
(Case M.11262 – FRAMATOME / NAVAL GROUP / JEUMONT ELECTRIC)
(Text with EEA relevance)
(C/2023/1208)


1.   
On 17 November 2023, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Framatome (France) controlled by EDF (France),










—


Naval Group (‘Naval Group’, France) jointly controlled by the French Government and Thales (France),










—


Jeumont Electric (France), controlled by Altawest (France).




Framatome and Naval Group will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Jeumont’s defense activities.
Framatome will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the remainder of Jeumont’s business activities.
The concentration is accomplished by way of purchase of shares.
The same concentration was already notified to the Commission on 3 October 2023, but the notification was subsequently withdrawn on 27 October 2023.


2.   
The business activities of the undertakings concerned are the following:






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Framatome designs, supplies, builds, maintains and upgrades nuclear boilers, provides related services (maintenance and IT security) and designs and manufactures nuclear fuel. Framatome also supplies components for the French Navy’s nuclear propulsion system in the naval nuclear sector,










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Naval Group designs, builds, maintains and upgrades submarines (including nuclear submaries) and surface ships for several navies worldwide,










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Jeumont Electric specialises in the design and manufacture of converters, electric motors and alternators for several industrial sectors, including for example nuclear energy and naval defense. In particular, Jeumont Electric supplies steam turbines and primary pumps for nuclear boilers used in nuclear submarines.






3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.



4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11262 – FRAMATOME / NAVAL GROUP / JEUMONT ELECTRIC
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).


ELI: http://data.europa.eu/eli/C/2023/1208/oj
ISSN 1977-091X (electronic edition)