CELEX: 32020M9900
Language: en
Date: 2020-09-21 00:00:00
Title: Commission Decision of 21/09/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9900 - ZF CHINA / WOLONG / WOLONG ZF AUTOMOTIVE ELECTRIC MOTORS JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 21.09.2020
                                                                C(2020) 6571 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9900 – ZF CHINA / WOLONG / WOLONG ZF AUTOMOTIVE
                ELECTRIC MOTORS JV
                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 28 August 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings ZF China Investment Co., Ltd. ("ZF China", People’s Republic of
        China), a subsidiary of ZF Friedrichshafen AG ("ZF", Germany, together with its
        affiliates "ZF Group") and Wolong Electric Group Co., Ltd. ("Wolong", People’s
        Republic of China), a subsidiary of Wolong Holding Group Co., Ltd. ("Wolong
        Holding", together with its affiliates "Wolong Group") acquire within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of the
        undertaking Wolong ZF Automotive Electric Motors Co., Ltd., ("Wolong ZF
        Automotive Electric Motors", People’s Republic of China), a newly created company
        by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for ZF: ZF is a global supplier of products for passenger vehicles, commercial
              vehicles, and industrial technology. Products include in particular gearboxes,
              steering, axles, clutches, dampers, chassis components and systems, active and
              passive safety technology for automotive applications and other associated
              components,
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 298, 8.9.2020, 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 Wolong: Wolong is a motor and drive manufacturer. The products of Wolong,
        inter alia, include various (electric) motors and controlling systems, photovoltaic
        power stations, UPS batteries and construction machinery,
   Wolong ZF Automotive Electric Motors will be active in the development, design,
   manufacturie and sale of electric motors and related services thereto for automotive
   markets worldwide.
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)
                                                    Olivier GUERSENT
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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