CELEX: 32019M9176
Language: en
Date: 2019-01-22 00:00:00
Title: Commission Decision of 22/01/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9176 - Magna Management AG / Getrag Ford Transmissions Slovakia) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 22.1.2019
                                                                C(2019) 628 final
                                                                          PUBLIC VERSION
                                                                To the notifying party:
Subject:        Case M.9176 - MAGNA / GETRAG FORD TRANSMISSIONS SLOVAKIA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 14 December 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the undertaking
        Magna Powertrain GmbH (“Magna”, Austria), controlled by Magna International Inc.
        (Canada), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control
        of the double clutch transmissions business of Getrag Ford Transmissions Slovakia
        (“GFT”, Slovakia) by way of purchase of assets.3
2.      The business activities of the undertakings concerned are:
        –          for Magna: Magna is a subsidiary of Magna International Inc., a global
                   automotive supplier of body, chassis, exterior, seating, powertrain, electronic,
                   vision, closure and roof systems and modules, as well as complete vehicle
                   engineering and contract manufacturing.
        –          for GFT: GFT is a contract manufacturer of transmission systems for passenger cars and
                   light commercial vehicles. The business associated with the intended acquisition
                   relates exclusively to the manufacture of double clutch transmissions.
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 464, 27.12.2018, p. 17.
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(d) 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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