CELEX: 32019M9228
Language: en
Date: 2019-01-23 00:00:00
Title: Commission Decision of 23/01/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9228 - Denso Corporation / Aisin Seiki Co., Ltd.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.1.2019
                                                                C(2019) 649 final
                                                                          PUBLIC VERSION
                                                                To the notifying parties:
Subject:        Case M.9228 – DENSO / AISIN / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 20 December 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the companies
        Denso Corporation ("Denso", Japan) and Aisin Seiki Co. Ltd. ("Aisin", Japan) acquire,
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, joint control over
        a newly-created company constituting a joint venture ("JV") by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        —      Denso is a Japanese manufacturer and supplier of advanced automotive parts and
               components for automobile manufacturers, non-automotive consumer products and
               industrial products;
        —      Aisin is a Japanese manufacturer and supplier of components and systems for the
               automotive industry.
        The JV will be active in the research and development, design and sale of integrated
        powertrains for electric and hybrid vehicles.
1       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.
2       OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
3       Publication in the Official Journal of the European Union No C 006, 09.01.2019, p. 7.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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(a) 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.
                                                    For the Commission
                                                    (Signed)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
                                                  2