CELEX: 32016M8101
Language: en
Date: 2016-09-14 00:00:00
Title: Commission Decision of 14/09/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8101 - SIEMENS / VALEO / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 14.09.2016
                                        C(2016) 5933 final

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                                        To the notifying Parties

Dear Sirs,

Subject:    Case M.8101 - SIEMENS / VALEO / JV
         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 19 August 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which Siemens AG ("Siemens", Germany) and Valeo S.A. ("Valeo", France)  acquire, within  the  meaning  of  Article  3(4)  of  the  Merger
    Regulation, joint control of a newly created company constituting a joint venture. [3]

 2. The business activities of the undertakings concerned are:

    – Siemens is a German stock corporation that is active in the  following  business  divisions:  (a)  power  and  gas,  (b)  wind  power  and
           renewables, (c) power generation services, (d) energy management, (e) building technologies, (f) mobility, (g) digital  factory,  (h)
           process industries and drives, (i) financial services and (j) healthcare;

    – Valeo is a French stock corporation active in the manufacture and distribution of automotive parts.

 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)
                                        Johannes LAITENBERGER
                                        Director-General
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[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 313, 27.8.2016, p. 24.
[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE