CELEX: 32017M8588
Language: en
Date: 2017-11-21 00:00:00
Title: Commission Decision of 21/11/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8588 - CONTINENTAL AUTOMOTIVE / ALSTOM / EASYMILE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 21.11.2017
            
            
               C(2017) 7876 final
            
            
               
                  PUBLIC VERSION
               
            
            
            
               To the notifying parties
            
            
               Subject:Case M.8588 – CONTINENTAL AUTOMOTIVE / ALSTOM / EASYMILE 
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
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                and Article 57 of the Agreement on the European Economic Area
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               Dear Sir or Madam,
            
            
               1.On 20 October 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Continental Automotive Holding Netherlands BV (‘Continental’, The Netherlands), a subsidiary of Continental AG, Germany, and Alstom Holdings (‘Alstom’, France), acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control over EasyMile (‘EasyMile’, France) which shall constitute a full-function joint venture, by way of purchase of shares.
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               2.The business activities of the undertakings concerned are:
            
            
               -for Continental: international technology company manufacturing and supplying various components and spare parts, notably for the automotive industry,
            
            
               -for Alstom: provision of equipment and services for rail transport, including rolling stock, transport infrastructure, and signalling and maintenance equipment and services,
            
            
               -for EasyMile: development and commercialisation of driverless technologies and smart mobility solutions for short distances (last mile concept).
            
            
               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.
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               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
               
         
         
            
                  
                     (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 370, 31.10.2017, p. 6.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.