CELEX: 32014M7142
Language: en
Date: 2014-02-04 00:00:00
Title: Commission Decision of 04/02/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7142 - MITSUBISHI CORPORATION / MITSUBISHI ELECTRIC CORPORATION / INTERNATIONAL ELEVATOR & EQUIPMENT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 4.2.2014
                                        C(2014)733 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

                                        |                                                                       |To the notifying parties                                               |

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

Subject:    Case No COMP/M.7142 - MITSUBISHI CORPORATION / MITSUBISHI ELECTRIC CORPORATION / INTERNATIONAL ELEVATOR & EQUIPMENT
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 8 January 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which the undertakings Mitsubishi Corporation ("MC", Japan) and Mitsubishi Electric  Corporation  ("MELCO",  Japan)  acquire  within  the
    meaning of the article 3(1)(b) of the Merger Regulation joint control of International Elevator & Equipment Inc. (“IEE”, the Philippines) by
    way of purchase of shares.[2]

 2. The business activities of the undertakings concerned are:

      – for MC: general trading company  active  in  various  industries  including  energy,  metals,  machinery,  chemicals,  food  and  general
        merchandise,

      – for MELCO: manufacture and sale of electric and electronic  equipment  used  in  energy  and  electric  systems,  industrial  automation,
        information and communication systems, electronic devices, and home appliances,

      – for IEE: active in the supply, installation, maintenance and repair of elevators, escalators and moving walkways as well  as  the  supply
        of air conditioners, diesel generator sets and hand dryers in the Philippines.

 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.[3]

 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.

                                        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]   Publication in the Official Journal of the European Union No C 11, 15.1.2014, p. 3.

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