CELEX: 32021M10379
Language: en
Date: 2021-10-11 00:00:00
Title: Commission Decision of 11/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10379 - HDT AUTOMOTIVE SOLUTIONS / VERITAS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 11.10.2021
                                                                 C(2021) 7415 final
                                                                                 PUBLIC VERSION
                                                                 HDT Automotive Solutions LLC
                                                                 38701 Seven Mile Rd. - Suite 265
                                                                 48152-3970 Livonia, MI
                                                                 United States of America
Subject:        Case M.10379 — HDT Automotive Solutions/Veritas
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 17 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking HDT Automotive Solutions LLC (“HDT”, USA), controlled by ARDIAN
        Holding S.A.S. (“ARDIAN”, France) acquires within the meaning of Article 3(1)(b)
        of the Merger Regulation sole control over the whole of the undertaking “Veritas
        Group”, comprised of Veritas Aktiengesellschaft, Veritas Sachsen GmbH, Veritas
        Thüringen GmbH, (all from Germany), and Veritas Austria GmbH (Austria), Veritas
        Dunakiliti Kft. (Hungary), Veritas Automotive d.o.o. (Bosnia and Herzegovina),
        Veritas Otomotiv Sanayi Ltd. Sti. (Turkey), Veritas Automotive Systems (Kunshan)
        Co., Ltd., (China), Automotive Veritas de México S.A. de C.V., (Mexico), Veritas
        Servicios S.A. de C.V., (Mexico) by way of purchase of assets and shares.3
2.      The business activities of the undertakings concerned are:
             for HDT: Manufacture and supply of valve body devices, precision tubula
              assemblies and die casting products for the automotive industry to OEMs and Tier
              1 suppliers,
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 392, 28.9.2021, p. 6.
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---        for Veritas Group: Supply of fluid technology, including fuel systems, emission
        systems, air cooling and fluid cooling; and polymer based components, including
        sealing & damping or other polymer solutions, to OEMs.
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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