CELEX: 32015M7501
Language: en
Date: 2015-03-25 00:00:00
Title: Commission Decision of 25/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7501 - CHINA SHIPBUILDING POWER ENGINEERING INSTITUTE / WÄRTSILÄ TECHNOLOGY / CSSC WÄRTSILÄ ENGINE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 25.3.2015
                                        C(2015) 2194 final

                                        [pic]

                                        [pic]

|                                                                       |To the notifying parties:                                              |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7501 - CHINA SHIPBUILDING POWER ENGINEERING INSTITUTE/ WÄRTSILÄ TECHNOLOGY/ CSSC WÄRTSILÄ ENGINE
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 23/02/2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation  by
    which the undertakings China Shipbuilding Power Engineering Institute Co., Ltd. ("CSPI", People's Republic of China), a subsidiary of  China
    State Shipbuilding Corporation ("CSSC", People's Republic of China) ultimately controlled by the Chinese state, and Wärtsilä  Technology  Oy
    Ab (Finland), a subsidiary of Wärtsilä Corporation ("Wärtsilä", Finland), acquire within the meaning of Article  3(1)(b)  and  3(4)  of  the
    Merger Regulation joint control of the newly created undertaking CSSC Wärtsilä Engine (Shanghai)  Co.,  Ltd.  ("JV",  People's  Republic  of
    China) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

  – For CSSC: CSSC is active in shipbuilding and in the production of marine-related equipment, as well as in non-marine related activites  such
    as aerospace, construction and power generation;

  – For Wärtsilä: Wärtsilä supplies ship power for builders, owers and operators of vessels and offshore installations. It has a global  service
    network for customers' ship machinery at every lifecycle stage and it is a provider of power plants, operations and lifetime  care  services
    in decentralized power generation;

  – For JV: the JV will manufacture and sell in China 4-stroke medium speed diesel and dual fuel engines.

 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)
                                        Alexander ITALIANER
                                        Director-General

                                        -----------------------
[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 074, 03.03.2015, p. 9.

[4]   OJ C 366, 14.12.2013, p. 5.

-----------------------

                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE