CELEX: 32019M9355
Language: en
Date: 2019-05-29 00:00:00
Title: Commission Decision of 29/05/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9355 - Volkswagen AG / Mobileye Vision Technologies Ltd. / Champion Motors Limited) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 29.5.2019
                                                                C(2019) 4188 final
                                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9355 - VW GROUP / INTEL / ALLIED HOLDINGS / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 3 May 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the undertakings
        Volkswagen Finance Luxembourg S.A. (‘VWFL’, Luxembourg), controlled by
        Volkswagen AG (Germany) and belonging to the Volkswagen Group (‘VW Group’,
        Germany), Mobileye Vision Technologies Ltd. (‘Mobileye’, Israel), controlled by Intel
        Corporation (‘Intel’, USA) and Champion Motors Ltd. (‘Champion Motors’, Israel),
        controlled by Allied Holdings Ltd. (‘Allied Holdings’, Israel) acquire within the meaning
        of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control over the Joint Venture
        (‘JV’, Israel) by way of purchase of shares in a newly created company constituting the
        joint venture.3
2.      The business activities of the undertakings concerned are:
             for VWFL: an investment company and wholly owned subsidiary of Volkswagen AG,
              active worldwide in the development, manufacture, marketing and sale of passenger
              cars, light commercial vehicles, trucks, buses, coaches, chassis for buses and diesel
              engines, motor bikes, each including spare parts and accessories as well as related
              financial and insurance services as well as mobility and connectivity service solutions;
             for Mobileye: active in the development of computer vision and machine learning,
              data analysis, localization and mapping for advanced driver assistance systems and
              autonomous driving. Mobileye is a subsidiary of Intel, a leading producer of
              semiconductor chips;
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 165, 14.05.2019, p. 38.
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 Champion Motors: the direct importer and distributor in Israel of the Volkswagen,
        Skoda, Audi and Seat brands. Champion Motors is a subsidiary of Allied Holdings, an
        Israeli investment holding company;
       for the JV: a newly created joint venture which will operate a Mobility-as–a-Service
        (‘MaaS’) offer, more specifically a ride hailing service based on a fleet of electric self-
        driving vehicles, in Israel.
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.
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