CELEX: 32019M9448
Language: en
Date: 2019-08-01 00:00:00
Title: Commission Decision of 01/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9448 - Hitachi Automotive Systems, Ltd. / Chassis Brakes International B.V.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 01.08.2019
                                                                C(2019) 5929 final
                                                                               PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9448 – HITACHI / CHASSIS BRAKES INTERNATIONAL
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 10 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Hitachi Automotive Systems, Ltd. (“HIAMS”, Japan), ultimately
        controlled by Hitachi Ltd. (“Hitachi”, Japan) acquires within the meaning of Article
        3(1)(b) of the Merger Regulation sole control over the whole of the undertaking
        Chassis Brakes International B.V. (“CBI”, The Netherlands), primarily owned by
        certain investment funds managed by KPS (USA) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             HIAMS: the production and supply of automotive products and technologies,
              including brake components for passenger and light commercial vehicles. HIAMS
              has operations in Japan, the U.S., Mexico, Germany, France, the Czech Republic,
              the UK, China, Thailand, Singapore, Indonesia, India and Korea.
             CBI: the production and supply of brake components for passenger and light
              commercial vehicles. CBI is headquartered in the Netherlands, and has operations
              in the EU, Turkey, China, Thailand, Japan, South Africa, North America, Latin
              America and India.
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 241, 17.7.2019, p. 9.
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(c) 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