CELEX: 32014M7405
Language: en
Date: 2014-12-11 00:00:00
Title: Commission Decision of 11/12/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7405 - YANFENG / JCI INTERIORS BUSINESS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 11.12.2014
                                        C(2014) 9782 final

                                        [pic]

                                        [pic]

                                        To the notifying party

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

Subject:    Case M.7405 – YANFENG / JCI INTERIORS BUSINESS
         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 14 November 2014, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which Yanfeng Automotive Trim Systems Co., Ltd., ("Yanfeng", People's Republic of China), indirectly  controlled  by  Shanghai
    Automotive Industry Corporation (Group) (“SAIC Group”, People's Republic of China), will acquire within the meaning of  Article  3(1)(b)  of
    the Merger Regulation sole control over the automotive interiors business of Johnson Controls, Inc. ("JCI Interiors Business", Germany),  by
    way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

        - for Yanfeng: it is a specialised automotive products manufacturer established in China, active in the production of automotive interior
         and exterior products, as well as seating, electronics and safety systems;

            - for SAIC Group: an automotive holding company whose  controlled  operations  cover  the  entire  automotive  industry  value  chain
        including the development, manufacturing, sales and logistics of vehicles (passenger cars and commercial cars) and  components  (engines,
        gearboxes, powertrains, chassis, interior and exterior and electronic components). Additionally, SAIC Group offers vehicle related  trade
        and finance services;

            - for JCI Interiors Business: it is active in the manufacture and supply of door panels, instrument  panels  and  floor  consoles  to
        major car manufacturers.

 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(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,
                                        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 420, 22.11.2014, p. 19
[4]   OJ C 366, 14.12.2013, p. 5.

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

                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE