CELEX: 32019M9411
Language: en
Date: 2019-08-06 00:00:00
Title: Commission Decision of 06/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9411 - Parker-Hannifin Corporation / Lord Corporation) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 06.08.2019
                                                                C(2019) 5984 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9411 – PARKER-HANNIFIN CORPORATION / LORD
                CORPORATION
                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 15 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Parker-
        Hannifin Corporation (“Parker”, United States) acquires within the meaning of Article
        3(1)(b) of the Merger Regulation sole control of Lord Corporation (“Lord”, United
        States) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Parker is the holding company of the Parker Group, which manufactures motion
              control technologies, fluid purification, fluid and fuel control products, process
              instrumentation, air conditioning, refrigeration, electromagnetic shielding and
              thermal management products;
             Lord is a global and diversified technology and manufacturing company offering
              diverse mix of products including adhesives, coating, aerospace vibration and
              motion control systems.
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
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 245, 22.7.2019, p. 8.
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---    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.
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