CELEX: 32020M10036
Language: en
Date: 2020-12-04 00:00:00
Title: Commission Decision of 04/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.10036 - TATA CONSULTANCY SERVICES NETHERLANDS / POSTBANK SYSTEMS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 04.12.2020
                                                                C(2020)8766 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.10036 — Tata Consultancy Services Netherlands / Postbank
                Systems
                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 12 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Tata
        Consultancy Services Netherlands B.V. (“TCS”, The Netherlands) a subsidiary of
        Tata Consultancy Services Limited (“TCS Limited”), acquires within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control over the whole of the
        undertaking Postbank Systems AG (“PBS”, Germany), currently wholly owned by
        Deutsche Bank AG, by way of purchase of the entirety of PBS’s shares.3
2.      The business activities of the undertakings concerned are:
             for TCS: provision of IT services to a strong client base in the Dutch market.
              TCS’s parent, TCS Limited, provides IT services in many countries within the
              EEA often via its local subsidiaries. Overall, TCS Limited is an IT services,
              consulting and business solutions multinational organization headquartered in
              Mumbai, India.
             for PBS: provision of IT services in Germany to Deutsche Bank AG and other
              affiliated companies of the Deutsche Bank group active in the banking sector.
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 394, 19.11.2020, p. 3.
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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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