CELEX: 32017M8607
Language: en
Date: 2017-10-12 00:00:00
Title: Commission Decision of 12/10/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8607 - WARBURG PINCUS / TATA MOTORS / TATA TECHNOLOGIES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 12.10.2017 
            
            
               C(2017) 6987 final
            
            
               
            
            
            
                     
                  
                  
                     
                        To the notifying parties:
                     
                  
               
            
               Subject:Case M.8607 -WARBURG PINCUS / TATA MOTORS / TATA TECHNOLOGIES
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
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                and Article 57 of the Agreement on the European Economic Area
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               Dear Sir or Madam,
            
            
               1.On 20 September 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Warburg Pincus LLC (United States) and Tata Motors Limited (India) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Tata Technologies Limited (India) by way of purchase of shares.
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               2.The business activities of the undertakings concerned are:
            
            
               -for Warburg Pincus LLC: a global private equity firm active (through its portfolio companies) in a variety of sectors, including energy, financial services, healthcare and consumer, industrial and business services, and technology, media and telecommunications;
            
            
               -for Tata Motors Limited: an automobile company with worldwide operations; 
            
            
               -for Tata Technologies Limited: supply of outsourced engineering and product development IT services to the global manufacturing industry.
            
            
               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(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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               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
            
            
         
         
            
                  
                     (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 320, 27.09.2017, p. 10.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.