Prior notification of a concentration (Case M.12150 – COMER / NABTESCO’S HYDRAULICS BUSINESS AND COMER / SHANGHAI NABTESCO HYDRAULIC) – Candidate case for simplified procedure
Date: 2025-11-18
Institutions: Directorate-General for Competition, European Commission
Subjects: construction equipment, economic concentration, industrial equipment, mechanical equipment, merger control, vehicle parts








C_202506240EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/6240


18.11.2025






Prior notification of a concentration
(Case M.12150 – COMER / NABTESCO’S HYDRAULICS BUSINESS AND COMER / SHANGHAI NABTESCO HYDRAULIC)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/6240)


1.   
On 11 November 2025, 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:






—


Comer Industries S.p.A. (‘Comer’, Italy),










—


Shanghai Electric Hydraulic and Pneumatic Co., Ltd. (‘Shanghai Electric H&P’, China),










—


Komatsu Ltd. (‘Komatsu’, Japan),










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Nabtesco’s business unit producing hydraulic products and components (‘Nabtesco’s Business Unit’, Japan), Nabtesco Power Control (Thailand) Co., Ltd. (‘NPWT’, Thailand), and Nabtesco Precision Europe GmbH (‘NPE’, Germany), together referred to as ‘Nabtesco’s Hydraulics Business’ and all currently controlled by Nabtesco Corporation (‘Nabtesco’, Japan),










—


Shanghai Nabtesco Hydraulic Co., Ltd. (‘SNHC’, China), currently jointly controlled by Nabtesco, Shanghai Electric H&P and Komatsu.




Comer will acquire (i) within the meaning of Article 3(1), point (b) of the Merger Regulation sole control of Nabtesco’s Hydraulics Business and (ii) within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control together with Shanghai Electric H&P and Komatsu of SNHC.
The concentration is accomplished by way of purchase of shares.


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






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Comer is active in the design and supply of advanced engineering systems and mechatronic solutions for power transmission,










—


Shanghai Electric H&P is active in the manufacturing and distribution of hydraulic and pneumatic products, including pumps, conveyors and motors,










—


Komatsu is active in manufacturing construction, mining, forestry, military equipment, and industrial machinery,










—


Nabtesco’s Hydraulics Business is active in the production and sale of hydraulic products and components (pumps, valves, motors) and in after-sale services,










—


SNHC is active in the manufacturing and marketing of travel units for crawler excavators and swing units for hydraulic excavators.






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.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration 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.12150 – COMER / NABTESCO’S HYDRAULICS BUSINESS AND COMER / SHANGHAI NABTESCO HYDRAULIC
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’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2025/6240/oj
ISSN 1977-091X (electronic edition)